Office of the Superintendent of Financial Institutions
The Domestic Stability Buffer contributes to Domestic Systemically Important Banks’ (D-SIBs) resilience to key vulnerabilities and system-wide risks, thereby contributing to financial stability.
OSFI reviews and sets the level of the Domestic Stability Buffer on a semi-annual basis (June and December), based on its ongoing monitoring of federally regulated financial institutions as well as system-wide and sectoral developments.
Decisions on the calibration of the buffer are based on OSFI supervisory judgement, informed by its monitoring and analytical work on a range of vulnerabilities, and are made in consultation with OSFI’s federal financial regulatory partners.
OSFI has set the Domestic Stability Buffer level at:
of total risk-weighted assetsFootnote 1
The Domestic Stability Buffer applies only to Domestic Systemically Important Banks (D-SIBs). As of June 2019, the following federally regulated financial institutions are designated as D-SIBs: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and Toronto-Dominion Bank.
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