“Significant work” ahead, says Carney
Rating agency says that it expects global banks to target capitalization in line with their peers
Recovery and resolution plans are required for all global systemically important financial institutions
Two banks added, three dropped and still no Canadian banks make the list
EDTF recommendations would make it much easier for investors to compare the risk profiles of major banks, rating agency says
Report sets out 32 recommendations to improve banks’ risk disclosure
Review reflects concerns about high consumer debt levels and elevated housing prices
Organization to publish a number of reports in the coming weeks
It will be up to OSFI to determine which banks may be considered systemically important in Canada
Outlook for the industry is stable, rating agency says