Canada’s financial regulator, the Office of the Superintendent of Financial Institutions (OSFI), has decided to maintain the domestic stability buffer for the country's largest banks at 3.5%. This decision, announced on June 18, 2024, signals confidence in the strength of their balance sheets despite ongoing economic risks. OSFI cited elevated but stable risks in the financial sector, including potential future shocks from looming mortgage renewals. The unchanged buffer indicates that officials believe the banks are well-positioned to handle economic turbulence. Capital requirements for these banks remain unchanged.
Despite warnings of future shocks to banks' financials from looming mortgage renewals, Canada's banking regulator maintained a key buffer at its current levels on Tuesday. https://t.co/rKPeBLHJTo
OSFI holds domestic stability buffer for banks but warns of ongoing risks https://t.co/j1fHfAz9sQ https://t.co/3h8FkIU1Nk
Canada’s bank regulator keeps capital buffer unchanged, cites elevated risks in financial sector https://t.co/FLbSjD5iUZ
Canada financial regulator maintains banks' domestic stability buffer at 3.5% https://t.co/1eYb0DMWRD https://t.co/V5uz61g5oV
OSFI keeps big banks' stability buffer unchanged as risks remain 'elevated but stable' https://t.co/iUO4z0mTsw https://t.co/hZn7f96HAB
Canada’s financial regulator left capital requirements unchanged for the country’s largest banks, signaling that officials believe their balance sheets are strong enough to withstand economic turbulence https://t.co/ZgTGGsDRlD
⚠️ CANADA'S FINANCIAL REGULATOR MAINTAINS MAJOR BANKS' DOMESTIC STABILITY BUFFER AT 3.5% - STATEMENT