OSFI chief backs push for efficiency

Article Abstract:

The Office of the Superintendent of Financial Institutions, which is headed by Nicholas Le Pan, is seeking to impose more efficient rules for the regulation of Canada's financial services sector. Mr. Le Pan, who rejects the British model of regulation, made his proposal in a speech to the Ontario Securities Commission.

Government regulation (cont), Laws, regulations and rules, Portrayals, Ontario. Securities Commission, Pan, Nicholas Le

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Canada Life proposals get approval

Article Abstract:

Canada Life Financial Corp. has obtained approval from its stockholders for a poison pill strategy and an executive stock option proposal. Canada Life, which is led by chairman, president and chief executive officer David Nield, is forming a joint venture insurance firm with Bombay, India-based Centurion Bank Ltd.

General services, Joint ventures, India, Centurion Bank Ltd.

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Big bank, insurer issue warnings

Article Abstract:

Two major Canadian banks and financial company issue warnings. The author examines the banks loan-loss charges and provisions, Canada Life Financial's third quarter 18 percent drop, and the reasons why.

Sales, profits & dividends, Industry Overview, Company Profile, Royal Bank of Canada, RY, National Bank of Canada

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