Banks are holding more capital and paying out less in dividends, relative to pre-crisis levels
In a worst-case scenario, the credit rating agency estimates that the banking system could face losses of almost $18 billion
The committee evaluated the G-SIB and D-SIB frameworks in the United States, Europe, Japan, China and Switzerland
Rising unemployment in Alberta and other oil-dependent provinces is leading to higher writeoffs in one bank’s credit card portfolio
Banks are adopting new technologies to improve the experience of their consumers and to stay competitive
OSFI official says regulator will focus on “risk culture” at financial firms
Task force to provide final recommendations before year’s end
The proposed changes would apply to federally regulated banks that use internal ratings-based approach to credit risk
The proposed legislation would expand the powers of the Canada Deposit Insurance Corp. to allow it to temporarily control failing bank
Canada would forgo any gains, and experience additional modest losses from not ratifying the TPP