The Bank of Canada (Bank) has announced that it intends to introduce a new liquidity facility, the Standing Term Liquidity Facility (STLF).    The STLF will complement the Bank’s current tools for the provision of liquidity and will strengthen its role as lender of last resort.   Under the

The Commodity Futures Trading Commission (CFTC) has sanctioned Wells Fargo Bank, N.A. for violating swap dealer business conduct standards.    CFTC noted that Wells Fargo failed to deal with a counterparty in a fair and balanced manner based on principles of fair dealing and good faith.     The bank also

The BC Financial Services Authority (BCFSA) has taken its first steps toward becoming the single regulator for real estate.    As the single regulator, a change expected to assist in combating money laundering, the BCFSA will take responsibility for real estate licensing, conduct, investigations, and discipline.   Since 2016, the

The federal agencies have finalized a rule that modifies their resolution plan requirements for larger financial firms while reducing the same requirements for smaller firms that present less financial risk to the system.   The resolution plans executed by the largest firms since 2012 had improved their governance, resolution strategies

US federal agencies have proposed to change the swap margin rules to facilitate the implementation of prudent risk management strategies at certain banks and swap entities.   The swap margin rule would no longer require swap entities to hold initial margin for uncleared swaps with affiliates.  Inter-affiliate transactions would still be