Canada Bank Regulator Calls for More Tests on Debt, Globe Says

Canada’s banking regulator is requiring lenders to do more testing of the risks that rising consumer debt may pose to their balance sheets, the Globe and Mail reported today. Julie Dickson, head of the Office of the Superintendent of Financial Institutions, said in an interview that the regulator is asking more questions about how banks monitor portfolios, including secured loans, the newspaper said.

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net