Negative rating actions concentrated in Europe
More capital needed to meet Basel III requirements
All of Canada’s big banks rated at double-A2 or better
Survey suggests banks will experience a slowdown in lending growth over the next 12 months
BoC governor has spoken to bankers directly about curbing their lending practices
Peer review program will assess whether national rules meet global standards
Ombudsman receiving calls from customers of RBC and TD who say they are being turned away
Task force involving investors, financial institutions, and auditors, will be asked to develop principles for improved disclosure
Banking regulator recommends a board-approved underwriting policy to help manage risk
Activities involving riskier exposures, which will be subject to higher capital charges, may migrate into the “shadow banking” sector