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Looking up from the corner of Bay and Adelaide streets in Toronto’s financial district. OSFI has released details of new regulations modelled on the Basel Committee’s guidelines. Come 2015, Canadian banks must meet a liquidity coverage ratio of 100 per cent.
Looking up from the corner of Bay and Adelaide streets in Toronto’s financial district. OSFI has released details of new regulations modelled on the Basel Committee’s guidelines. Come 2015, Canadian banks must meet a liquidity coverage ratio of 100 per cent.
(Gloria Nieto/The Globe and Mail)

Canadian banks face new liquidity guidelines

Canada’s banks must adhere to a new set of rules designed to better protect them during a crisis.

In January the Basel Committee released guidelines on what is known as the liquidity coverage ratio, a measure that ensures they hold high-quality, liquid assets in order to fund their daily operations during a crisis.