Superintendent of Financial Institutions Implements Further Regulations on Silicon Valley Bank Canadian Branch
The Superintendent of Financial Institutions (OSFI) has recently implemented further regulations on the Canadian branch of Silicon Valley Bank (SVB). This move is part of a larger effort to ensure that the bank is operating in accordance with the highest standards of safety and soundness.SVB is a California-based financial institution that has been providing banking services in Canada since 2007. It is regulated by the Office of the Superintendent of Financial Institutions (OSFI), which is responsible for regulating and supervising all banks in Canada. The OSFI has recently implemented additional