The financial information reported herein is based on the condensed interim consolidated (unaudited) information for the three-month period ended April 30,.
The financial information reported herein is based on the condensed interim consolidated information for the three-month period ended April 30, 2023 and has been prepared in accordance with. | June 1, 2023
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OSFI launches consultations on Basel III implementation and a new tailored approach to capital and liquidity requirements for smaller, less complex banks
OTTAWA, ON, March 11, 2021 /CNW/ - The Office of the Superintendent of Financial Institutions (OSFI) plays an essential role in building and preserving resiliency in Canada s financial system. OSFI s commitment to implementing the international Basel III Framework has strengthened Canadian banks and improved their ability to handle financial shocks, so they can continue to support economic growth while remaining competitive.
Today OSFI launched an industry consultation on proposed regulatory changes to introduce the latest and final round of Basel III reforms into its capital, leverage and related disclosure guidelines for banks. OSFI s proposals are in line with the international standards set by the Basel Committee on Banking Supervision (BCBS), while reflecting the Canadian mark