Stephen J. Redican

ISDA Releases Key Provisions To the Standard Credit Support Annex Proposal
Carol E. Derk,K. Ruth Liu,Stephen J. Redican, November 24, 2011
On November 3, 2011, the International Swaps and Derivatives Association, Inc. (“ISDA”) released key provisions to the Standard Credit Support Annex (“SCSA”) proposal. This is part of ISDA’s initiative in improving standardization of over-the-counter...

Proposed Amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations on Ascertaining Identity
Robert Dawkins,P. Jeffrey S. Graham,R. Andrew G. Harrison,Tiffany Murray,Stephen J. Redican,Prema K. R. Thiele, November 21, 2011
On November 8, 2011 the Department of Finance (the “Department”) issued a consultation paper seeking input on some proposed amendments to the Proceeds of Crime (Money Laundering ) and Terrorist Financing Regulations (the “Regulations”) related to ascertaining identity (the...

OSFI Ruling: Foreign Bank Not Conducting “Business in Canada” By Offering Its Credit Card Program to Their U.S.  Corporate Clients’ Canadian Affiliates
P. Jeffrey S. Graham,Tiffany Murray,Stephen J. Redican, November 1, 2011
From time to time the Office of the Superintendent of Financial Institutions (Canada) issues rulings on how it applies or interprets provisions of the federal financial institutions legislation, regulations or guidelines. Recently, OSFI published a ruling on whether the undertaking of certain...