Canada financial regulator maintains banks' domestic stability buffer at 3.5%
TORONTO (Reuters) - Canada's financial regulator on Tuesday said it was maintaining the amount of capital the country's biggest lenders must hold, saying the big banks have maintained adequate capital to address emerging risks.
The Office of the Superintendent of Financial Institutions (OSFI) maintained the domestic stability buffer (DSB) at 3.5%.
"Our decision to hold the DSB at its current level reflects the resilience of systemically important banks to absorb losses from unanticipated downside shocks and maintain the critical services they provide to Canadians," said Peter Routledge, Superintendent of Financial Institutions.
(Reporting by Nivedita Balu in Toronto; Editing by Caroline Stauffer)
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