Canada's OSFI delays minimum capital requirement increase by 1 year due to Basel Committee standards.
Canada's banking regulator, OSFI, has delayed the implementation of an increase in minimum capital requirements by one year due to international banking standards set by the Basel Committee on Banking Supervision. The delay allows OSFI to assess the pace of change across different countries and maintain consistent adoption, ensuring a competitive balance among banks.
July 05, 2024
8 Articles