One of the five dominant banks in Canada Prudent credit risk management High systemic importance in the Canadian banking system Higher (though reducing) exposure to commercial real estate lending through the acquisition of U.S.-based Marshall&Ilsley Fairly high dependence on wholesale funding, though similar to that of large Canadian peers Standard&Poor's Ratings Services' outlook on Bank of Montreal (BMO) is stable, reflecting our expectations that the bank will maintain a risk profile consistent with the current ratings through fairly strong asset quality metrics, an adequate risk-adjusted capital (RAC) ratio supported by strong earnings generation, and a funding and liquidity profile that benefits from a well-established core deposit franchise, though wholesale funding dependence is fairly high, much like
