HIMI Comments on OSFI's Cumulative Tier 1 Proposal

I have sent a letter to OSFI commenting on their Draft Advisory, which proposes to allow cumulative in-kind coupons on Innovative Tier 1 Capital.

This letter reflects information previously mentioned on PrefBlog:

It also builds on the comments made in:

This entry was posted on Thursday, June 26th, 2008 at 11:38 am and is filed under Regulatory Capital. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “HIMI Comments on OSFI's Cumulative Tier 1 Proposal”

  1. PrefBlog » Blog Archive » CEBS Amends Consultation Practices says:
    August 5, 2008 at 12:01 pm

    […] has been noted, OSFI has no equivalent guidelines, which has led to public confusion over OSFI’s regulatory […]

  2. PrefBlog » Blog Archive » TD Capital to Issue Asset-Backed Tier 1 Paper says:
    September 2, 2008 at 12:37 pm

    […] have made OSFI aware of my views on this […]

  3. PrefBlog » Blog Archive » OSFI Loosens Rules on Innovative Tier 1 Capital says:
    December 11, 2008 at 1:53 pm

    […] have not yet reviewed the intricacies of the advisories, but it appears that the the draft advisory I thought was so appalling has been adopted in toto. Canadians can be, er, proud to declare that we are basically the only […]

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