The amount of capital the banks must hold to cover unexpected losses will rise to 2.5%
Central bank crypto could disrupt traditional financial sector, Moody's says
The swap is effective June 14, with outgoing leader Dave Kelly providing guidance until September
Basel Committee will hold public consultation on design of capital rules for crypto exposures
Buildup in debt poses a long-term risk to banks' operating environment
The central bank can help assess risks, but Fed chair Jerome Powell said the private sector, elected officials must take the lead
Government relief diminished the need for banks’ massive loan loss reserves
The bank’s loan loss provisions fell to $496 million compared with $1.85 billion a year ago
The launch comes months after the Liberals first laid out the plan last September
The bank's wealth management business earned $165 million, driven in part by fee-based revenues