OSFI Announces Another Conference Call

For all those second-rate investor-scum who weren’t good enough to be permitted to listen to the VIP Conference Call, OSFI has announced:

Analysts are invited to participate in a briefing via teleconference with the Office of the Superintendent of Financial Institutions (OSFI) on two Advisories relating to BASEL III: Treatment of non-qualifying capital instruments under Basel III and Non-Viability Contingent Capital.

Mark White, Assistant Superintendent, Regulation Sector, will provide a brief overview and will be available to answer questions.

DATE: Monday, February 7, 2011

TIME: 8:30AM

PLACE: 613-960-7526 (Ottawa)

Participant pass code: 3733077

I’m not going to waste my time listening to second-hand rationalization from the Chief Croupier, but I thought I’d pass it on. Just keep your fingers crossed that those morons have mastered the intricate art of conference call technology over the weekend!

The two advisories have been discussed in the posts OSFI Does Not Grandfather Extant Tier 1 Capital and OSFI Releases Contingent Capital Draft Advisory.

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