Office of the Superintendent of Financial Institutions
Pursuant to subsection 485(1.2) of the Bank Act, I, on behalf of the Superintendent of Financial Institutions, provide that Canadian Imperial Bank of Commerce’s minimum capacity to absorb losses is as follows. Canadian Imperial Bank of Commerce shall maintain capital and prescribed shares and prescribed liabilities that equal at least:
calculated pursuant to the Office of the Superintendent of Financial Institution’s Total Loss Absorbing Capacity Guideline, as amended from time to time.
This Order is effective November 1, 2021.
Date: August 21, 2018
Assistant Superintendent, Regulation Sector