Bulletin: Review Of Canadian Bank Resolution Regime Completed; Ratings And Outlooks On Systemically Important Banks Unchanged

TORONTO (S&P Global Ratings) Aug. 16, 2018--S&P Global Ratings today said it has completed its comprehensive review of Canada's new bank resolution regime, including the final Bank Recapitalization (Bail-in) Issuance Regulations, Bank Recapitalization (Bail-in) Conversion Regulations, and related Compensation Regulations, along with the final Total Loss-Absorbing Capacity (TLAC) Guideline (together, regulations), published in April. Our comprehensive review included an in-depth review of the final regulations, discussions with key stakeholders, and examination of cross-country comparisons. The primary results of this review are: No change to the issuer credit rating (ICR), nor outlook, on any Canadian domestic systemically important bank (DSIB). We now view Canada's federal resolution regime for DSIBs as "effective" for the purposes of uplift under our "Bank Rating Methodology

...TORONTO (S&P Global Ratings) Aug. 16, 2018--S&P Global Ratings today said it has completed its comprehensive review of Canada's new bank resolution regime, including the final Bank Recapitalization (Bail-in) Issuance Regulations, Bank Recapitalization (Bail-in) Conversion Regulations, and related Compensation Regulations, along with the final Total Loss-Absorbing Capacity (TLAC) Guideline (together, regulations), published in April. Our comprehensive review included an in-depth review of the final regulations, discussions with key stakeholders, and examination of cross-country comparisons. The primary results of this review are: + No change to the issuer credit rating (ICR), nor outlook, on any Canadian domestic systemically important bank (DSIB). + We now view Canada's federal resolution regime for DSIBs as "effective" for the purposes of uplift under our "Bank Rating Methodology And Assumptions: Additional Loss-Absorbing Capacity" (ALAC criteria). + We expect to assign issue-level ratings...

Bulletin