Turning back the clock is not an option, Zelmer says
Letter outlines implementation of Basel III for first and second quarters of 2013
Review of Canadian regime will be conducted in 2013
Lack of progress points to weaknesses in business models and underlying profitability
A “simpler” solution won’t work, says Dickson
Banks must start providing better disclosure in Q1 2013
The proposals would move capital requirements in line with Basel III
Some companies have already missed Basel III implementation deadline
New capital rules could restrict the ability of banks to increase dividends or undertake share buybacks
Proposals designed to improve the transparency of regulatory capital and enhance market discipline