Dated Archives: June 9, 2019

Day: June 9, 2019 OSFI increases domestic buffer to 2% amid household debt risk for big banks

    OSFI increases domestic buffer to 2% amid household debt risk for big banks   OSFI, the federal banking regulator, is increasing the domestic stability buffer for the country’s systemically important banks to 2.00 per cent from 1.75 per cent.   The Office of the Superintendent of Financial Institutions said Tuesday that on balance the systemic vulnerabilities remain elevated while economic conditions continue to be accommodative.   OSFI noted that specific vulnerabilities covered by the buffer continue to include Canadian consumer debt, asset imbalances in the Canadian market and Canadian institutional debt.   Increases to the buffer require the

View Article...