Financial regulator OSFI raises minimum capital amount that big banks must have on hand to cover losses

“Canada's financial regulator is raising the amount of capital the country's major banks need to have on hand to cover potential losses as it says financial system vulnerabilities remain elevated and in some cases have continued to increase. The Office of the Superintendent of Financial Institutions said Tuesday that the domestic stability buffer will increase by half a percentage point to 3.5 per cent, effective Nov. 1.”