Testing is necessary, but these tests are excessive. They require that a new mortgage borrower be able to afford a payment that is two percentage points above the actual contracted interest rate
Riskthinking.AI has been chosen by the OSFI to provide climate risk data to financial institutions participating in the 2024 Standardized Climate Scenario Exercise.
After years of leaning on other players to deliver its products, Toronto-based challenger bank Koho Financial has taken a step towards becoming an actual bank.