This is a Canada news story, published by financialpost, that relates primarily to Peter Routledge news.
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Financial Institutionsfinancialpost
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75% Informative
Canada may need to set aside a historically conservative risk appetite to avoid stifling digital innovation in the regulated banking system, regulator says.
Peter Routledge , head of the Office of the Superintendent of Financial Institutions , said he was not talking about allowing bank failures.
Routledge said he is not giving up on implementation of the Basel III rules developed in 2017 to address weaknesses exposed by the financial crisis a decade earlier .
He said OSFI is approaching innovation with a “ first , do no harm” mentality.
VR Score
81
Informative language
82
Neutral language
57
Article tone
informal
Language
English
Language complexity
67
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
Source diversity
5