implementedonOctober 31, 2011, followingapproval by the competent authority.
InFebruary2012, theCDICre-screened therisk indicatorsandperformedstatistical testsso that therating
resultsof theCall ReportDataRatingSystemwouldbetter reflect changes in financial operationsand
financialsupervisionmeasures.Anewsystemwasproposedandapprovedby thecompetentauthorityon
October16,2013,andhasbeenused since the thirdquarterof 2013 toproduce ratingsand scores.
D. InspectingData Reportedby Insured Institutions
After CSEDRS came into operation, the CDIC began to inspect information reported by insured
institutions that was relevant to the risk indicators for the Risk-based Premium Rating System
(hereinafter referred to as the “risk indicators”) to increase the accuracy of the data reported by
insured institutions. Such inspections are conducted in the following situations:
I. Therearemajorconcernsorunreasonablecircumstanceswith the informationrelated torisk indicators
reportedby the insured institutionwithout reasonableexplanatoryevidence.
II. There isasignificant financialoperational risk incidentat the insured institutionbetween thestandard
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ReviewandOutlook
