Publication
Ontario’s Working for Workers Five Act
On May 6, Ontario’s government introduced Bill 190, Working for Workers Five Act, 2024 for first reading.
Publication | July 13, 2016
The Basel Committee of the Bank for International Settlements (Basel Committee) sets international capital standards but those standards must be adopted by individual countries to have any legal effect. As a result, the standards are only as good as enacted in each individual country. Actions taken after the recent economic crisis to strengthen the global financial system included adoption of an enhanced capital surcharge, called the higher loss absorbency (HLA) requirement, imposed on the banking organizations designated as the world’s global systemically important banks (G-SIBs).
A Basel Committee assessment team recently evaluated the HLA requirement in the jurisdictions in which the current G-SIBs are headquartered: United States, China, European Union, Japan and Switzerland. In some cases, these countries have gone beyond the standards to be even more protective of their financial stability. This month’s column will discuss how each of these countries, and in particular the United States, measures up to the international standards.
Download the full article: Measuring up to international capital standards
Publication
On May 6, Ontario’s government introduced Bill 190, Working for Workers Five Act, 2024 for first reading.
Publication
We now have details on proposed changes to the Canada Labour Code announced in the 2024 federal budget.
Publication
We are delighted to announce that Al Hounsell, Director of Strategic Innovation & Legal Design based in our Toronto office, has been named 'Innovative Leader of the Year' at the International Legal Technology Association (ILTA) Awards.
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