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
The rating agency proposes to assign ratings to banks in Europe, the U.S., Hong Kong, New Zealand and Switzerland
Reducing banks’ reliance on internal models could boost public confidence in regulatory capital ratios
The report sets out best practices for banks to independently validate their models