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crisis capital rulesfinancialpost
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77% Informative
Canada ’s chief banking regulator says fears about lopsided implementation of post-financial-crisis capital rules are overblown.
Peter Routledge , head of the Office of the Superintendent of Financial Institutions , said new capital floor rules are not expected to have a material impact on capital at the country's largest six banks.
Routledge: Implementation of 2017 Basel III reforms in Canada is expected to be capital neutral.
Many market players including the federal Competition Bureau had called on OSFI to make the change.
The regulator initially pushed back, suggesting the new financial institution should not rely on the underwriting of the previous one when taking on the mortgage loan.
OSFI must be cautious not stray outside its mandate, says Routledge .
VR Score
85
Informative language
87
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54
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informal
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English
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71
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5