OSFI welcomes final Basel III reforms

The Office of the Superintendent of Financial Institutions (OSFI) welcomes today’s announcement that the final pieces of the Basel III reforms have been endorsed by the Group of Central Bank Governors and Heads of Supervision, the committee that oversees the Basel Committee on Banking Supervision.

The announcement followed a meeting earlier today in Frankfurt, Germany, and caps an important period in the regulatory response to the financial crisis.

Press release – OSFI welcomes final Basel III reforms