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

Market RWAs increased by C$13.9 billion over the three months to end-July

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saw market risk-weighted assets (RWAs) jump after a temporary reduction in the stressed value-at-risk multiplier was rescinded in May by the Office of the Superintendent of Financial Institutions (OSFI).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

The highest climb in nominal terms was at TD Bank, where market RWAs rose C$3.7 billion to C

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here