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A stock photo of a corporate boardroom.
A stock photo of a corporate boardroom.
(Arpad Benedek/iStockphoto)

OSFI combats fears over board and executive appointments

When Canada’s financial watchdog proposed new rules for executive and board appointments in January, some people couldn’t help but scratch their heads.

Because Canada’s regulatory landscape is already so widely praised, industry members questioned why the Office of the Superintendent of Financial Institutions wanted even more say into the way banks and insurers go about their business.