TD Bank freed from Osfi capital floor
As a result, the bank’s CET1 jumped to 11.8% from 10.6% in the previous quarter
Revisions to the Canadian regulator’s standardised capital floor saw TD Bank cut C$45 billion ($35 billion) in risk-weighted assets in the second quarter.
Following the introduction of a new floor methodology by the Office of the Superintendent of Financial Institutions (Osfi), the Canadian bank did not have to top up its modelled credit RWAs by an amount determined using the Basel standardised approaches this quarter.
These add-ons had snowballed in recent quarters. In the second quarter of
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