OSFI

What Do OSFI and Donald Trump Have in Common? [A]

What Do OSFI and Donald Trump Have in Common?

By David Gouthro / July 16, 2017 / 6 Comments

No, this is not a riddle. Nor is it a joke. Nor is it simply a way to get your attention so you’ll read this article. My observation (albeit from a distance) is that both seem to have unbridled power and the ability to make broad sweeping proclamations without any particularly acceptable rationale other than […]

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Making Sense of Regulatory Senselessness!

Making Sense of Regulatory Senselessness!

By David Gouthro / July 14, 2017 / 23 Comments

The craziness with OSFI’s* ridiculously restrictive ruling regarding Canadian credit unions’ use of certain words is gaining more widespread attention. My need for affiliation with this cause compels me to comment once again. I must first declare I’m a credit union member, not a credit union employee. As such, I have neither seen nor heard the […]

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Federal Regulatory Stupidity, Bullying or Both?

Federal Regulatory Stupidity, Bullying or Both?

By David Gouthro / July 6, 2017 / 78 Comments

ard to tell. Likely both. What am I referring to? Credit Unions will soon be unable to use the terms “bank”, “banker” or “banking” based on a ruling by OSFI (the federal Office of the Superintendent of Financial Institutions). You may wish to read the document that describes the Canadian Credit Union Association’s response. Credit […]

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The past is a foreign country; they do things differently there. ~ Leslie Poles Hartley