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First Canadian Place at right and TD Bank Towers centre and left.
First Canadian Place at right and TD Bank Towers centre and left.
(Fred Lum/The Globe and Mail)

Big Six banks add airbag in case of emergency

Canada’s biggest banks still swear by the same motto: safety first.

Despite being chock full of capital, the Big Six banks have set a new bar for themselves to clear. Instead of simply holding enough capital to meet the 8 per cent Tier 1 common equity ratio enforced by the Office of the Superintendent of Financial Institutions, many now maintain ratios of 9.5 to 10 per cent.