February 19, 2024 (NO COMMENTS)

One bank still plans to adopt IMA after delays prevented it going live in January


The big five Canadian banks – Royal Bank of Canada, Bank of Montreal, TD Bank, Scotiabank and CIBC – are using the standardised approach (SA) to calculate their market risk capital requirements under new rules known as the Fundamental Review of the Trading Book (FRTB), which took effect in Canada in January.  A spokesperson for the Canadian bank regulator, the Office of the Superintendent of Financial Institutions (Osfi), confirms that none of the banks it supervises are currently using the