Canada Keeps Bank Capital Requirements Steady as Economy Weakens
- Balance sheets strong enough to handle a rise in losses: OSFI
- The country’s six largest banks all have CET1 ratios above 12%
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Canada’s banking regulator chose not to boost capital requirements on the country’s largest lenders, signaling that officials believe banks’ balance sheets are strong enough to withstand economic turbulence.
The Office of the Superintendent of Financial Institutions left the domestic stability buffer at 3.5%. It had increased it in June and last December.