Less strict approach follows in the wake of new Basel capital rules
Revenues from capital markets operations were halved during fiscal Q3
The existence of higher levels of better quality capital will likely be positive for senior bank creditors and for overall bank stability in the long-term
Capital reforms will be presented to the G20 Leaders summit in November
There has been only limited progress at enhancing disclosure
Significant credit rating impacts are possible
Investors hoping for higher dividends may have to wait a little longer
Banks have been increasing their reserves
Working with other countries to develop stronger international capital and liquidity standards in Canada’s interest, Carney says
Haltiner will leave FINMA at the end of the year