Big Canadian banks face C$1bn capital hike on securitisation changes
RBC faces C$551 million uplift alone
Canada’s implementation of the Basel Committee’s revised securitisation framework is set to increase capital requirements for the “Big Five” lenders by C$55.8 million – C$551 million ($42.4 million – $417.9 million).
Rules putting the updated requirements into effect entered into force in Q1 2019. But transitional measures introduced by the Canadian regulator, Osfi, allowed charges related to
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