Politics
‘Take Risk’: Canada Regulator Cuts Bank Capital Level to Boost Lending
Key Points
‘Take Risk’: Canada Regulator Cuts Bank Capital Level to Boost Lending Canada’s financial regulator lowered capital requirements for the country’s largest banks for the first time in three years, giving them flexibility to lend more to support a domestic push for defense spending, critical infrastructure and artificial intelligence. The decision, announced Friday, means Canada’s six largest banks will now hold about C$74 billion ($52 billion) in excess capital they can deploy without...
‘Take Risk’: Canada Regulator Cuts Bank Capital Level to Boost Lending
Canada’s financial regulator lowered capital requirements for the country’s largest banks for the first time in three years, giving them flexibility to lend more to support a domestic push for defense spending, critical infrastructure and artificial intelligence.
The decision, announced Friday, means Canada’s six largest banks will now hold about C$74 billion ($52 billion) in excess capital they can deploy without breaching regulatory limits, according to the Office of the Superintendent of Financial Institutions.