A Regulatory “Walk Down Memory Lane” - Remarks by Deputy Superintendent Mark Zelmer

Remarks by Deputy Superintendent Mark Zelmer to the IBC Financial Affairs Symposium, Toronto, Ontario, April 13, 2016

"The lessons from the global financial crisis were a contributing factor and sparked a number of regulatory initiatives internationally as well as here at home. However, in the case of P&C insurance, it is important to stress that most of the changes to the prudential requirements were mainly introduced to address domestic developments and help ensure that OSFI guidance keeps pace with the P&C industry."