Backgrounder: Breaking down Basel III (OSFI)

Date modified: 2022–02–04

OSFI has updated its bank rules (in 2022 and republished Jan 2024) to reflect the final package of Basel III reforms. These reforms, which help ensure the resiliency of financial institutions, were developed in response to the 2007–2008 global financial crisis and were internationally accepted in 2017. These updated rules will take effect for Canada’s banks in…