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RY - Royal Bank Of Canada News Story

C$87.41 1.7  2.0%

Last Trade - 08/04/20

Sector
Financials
Size
Large Cap
Market Cap £71.86bn
Enterprise Value £228.00bn
Revenue £27.23bn
Position in Universe 1st / 2630

Canada raises capital requirement for banks

Tue 10th December, 2019 2:16pm
Dec 10 (Reuters) - Canada's banking regulator on Tuesday
raised the minimum capital requirement for 'systemically
important' banks by 25 basis points to 2.25%.
    The change in domestic stability buffer indicates that
Canadian banks are still vulnerable to factors including asset
imbalances, along with global vulnerabilities related to ongoing
trade tensions, the Office of the Superintendent of Financial
Institutions said. (https://bit.ly/2E4qQBK)
    The factors could increase the chance of a spillover of
external risks into the Canadian financial system, the regulator
said.
    Systemically important companies are those whose failure can
pose a threat to the global financial system.
    The rule will be effective April 30 and will be applicable
to banks such as Bank of Montreal  BMO.TO , Bank of Nova Scotia
 BNS.TO , Canadian Imperial Bank of Commerce  CM.TO , National
Bank of Canada  NA.TO , Royal Bank of Canada  RY.TO  and
Toronto-Dominion Bank  TD.TO .

 (Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju
Samuel)
 ((Abhishek.Manikandan@thomsonreuters.com; within the U.S. +1
646 223 8780, outside the U.S. +91 80 6749 2963;))
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