Scotia report offers reality check, calls for positive vision
Revisions seek to better align with global standards
Unemployment rising, but layoffs aren't, leaving room to cut rates
DBRS estimates $27 billion in capital needed to keep ratios at current levels
Regulators recalibrate for zero-rate environments
Benchmark reform creates opportunity for vehicles that flopped in the financial crisis
Proposals include circuit breaker requirements, standards for trade reporting
European regulators aim to curb vulnerabilities revealed by March 2020 market stress
Decision follows similar delays by regulators in Europe, U.S.
Measures to address securitization market failures reduced risk without curbing lending