Big Canadian banks face C$1bn capital hike on securitisation changes

RBC faces C$551 million uplift alone

Canada’s implementation of the Basel Committee’s revised securitisation framework is set to increase capital requirements for the “Big Five” lenders by C$55.8 million – C$551 million ($42.4 million – $417.9 million).

Rules putting the updated requirements into effect entered into force in Q1 2019. But transitional measures introduced by the Canadian regulator, Osfi, allowed charges related to certain grandfathered exposures to be deferred until Q1 2020. 

As of end-October, Royal Bank of Canada

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