Canada’s big banks are supportive of the new regulations, but their concern is that the right balance won’t be achieved
Committee to concentrate efforts on implementation of Basel III
But there are moves afoot in some countries to establish even higher standards than those set by the Basel committee
Report examines methods banks use to link compensation with risk
Principles address deficiencies in bank corporate governance that became apparent during the financial crisis
Some questions remain
Reforms will benefit Canada’s economy
Less strict approach follows in the wake of new Basel capital rules
Banks well-positioned to adopt new rules
The existence of higher levels of better quality capital will likely be positive for senior bank creditors and for overall bank stability in the long-term