End of SVAR relief hikes market risk at Canada’s ‘Big Five’

- By Joasia E. Popowicz
- @joasiaepopowicz
- 27 Aug 2021

Canada’s top banks saw market risk-weighted assets (RWAs) jump after a temporary reduction in the stressed value-at-risk multiplier was rescinded in May by the Office of the Superintendent of Financial Institutions (OSFI).

Market RWAs increased by C$13.9 billion ($11.1 billion) across Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), Scotiabank and TD

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