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:

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

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

  2. […] 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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