BMO sees $6.3bn RWA increase from capital floor add-on
The bank is the first of Canada’s big five to be bound by the floor as implemented in 2018
Bank of Montreal (BMO) has been saddled with an extra C$628 million ($496 million) in capital charges after becoming the first of Canada’s top lenders to be ensnared by a capital floor rule introduced in 2018.
Under the methodology devised by the Office of the Superintendent of Financial Institutions (Osfi) as a stopgap measure until Basel III is fully implemented next year, Canadian banks’
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