My understanding is that they are also, because of this designation, required to hold an extra buffer of capital. It's called tier one capital. It is 1% or 1.5%.
On May 18th, 2016. See this statement in context.
On May 18th, 2016. See this statement in context.
Liberal
Francesco Sorbara Liberal Vaughan—Woodbridge, ON
My understanding is that they are also, because of this designation, required to hold an extra buffer of capital. It's called tier one capital. It is 1% or 1.5%.
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