Canada aligns with U.S. on Basel III implementation

11/4/2013 | Risk.net (subscription required)

The Canadian Office of the Superintendent of Financial Institutions has followed the US in Basel III adoption, primarily because it wants Canadian banks to be on a level playing field with American peers. While Europeans are racking up exemptions, Canadians, like Americans, "went in right from the start on an all-in basis", said Mark Zelmer, deputy superintendent of the office.

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