What the OSFI is going to do with Silicon Valley Bank\u0027s Canadian assets and more. Find out here.
Has OSFI seized assets before?
A few days later, OSFI was granted a winding-up order for the bank and took permanent control of its assets., representing the full carrying value of its investment in Maple Bank. The Ontario Teachers’ Pension Plan also had a stake in the German bank. John Ruffolo, founder and managing partner of Maverix Private Equity, said some of Canada’s banks would likely take a look under the hood if SVB’s Canadian assets were put up for sale, given the strength of the loan book.
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