The rating outlook for RBC has been revised to negative from stable
Revised requirements will be tied to housing prices and household debt levels
12 big banks expected to adapt their business models regularly in response to regulatory changes and structural economic shifts
Reduced government support and declining asset quality drive negative credit outlook
Canadian, U.K. banks have made the most progress in adopting recommendations of the Enhanced Disclosure Task Force
The rating actions reflect a revised assessment of the U.S. government’s likelihood of providing extraordinary support to the banking system
Governments and regulators must be careful in balancing their job in protecting investors with the impact these reforms could have on the sector and the economy as a whole
The requirements aim to ensure that G-SIBs have sufficient loss-absorbing and recapitalization capacity to allow for an orderly resolution if they were to fail
Global regulators launch new measures to promote resolvability, including effective cross-border resolution
Regulator should refrain from always being among the first to adopt new international regulatory standards