OSFI says financial firms need to pick up the pace on climate impacts
Ailing sector poses a headwind to earnings, threat to credit quality
Declining net interest income and rising credit stress to weigh on results in 2024
SIFMA, ISDA say final rules would lead to excessive capital requirements
Regulators make case for greater supervisory and enforcement powers
Higher capital levels would give the banks a bigger cushion, given the weaker economic outlook, report says
OSFI says that vulnerabilities are high, but haven't intensified in recent months
Recommendations echo affordability measures in government's fall economic statement
Revenues were down slightly in Q4, while expenses and loan provisions were up
Outlook shifts to neutral as banks adapt to higher rate environment