Rating agency DBRS Ltd. says that it doesn’t expect the final language of new capital adequacy requirements will have a meaningful impact on the Canadian banks, but that efforts to establish additional requirements for “systemically-important” banks may affect them.

On Dec. 1, the Basel Committee on Banking Supervision said that it has agreed to the details of the text for the Basel III rules, which include global regulatory standards on capital adequacy and liquidity for financial institutions. It plans to publish that text by the end of 2010.

DBRS said today that it “believes these capital adequacy standards are manageable for Canadian banks given their existing tangible common equity ratios, the expectation of internal capital generation, the extended implementation period of adjustments and the lengthy phase-in period.”

It also said that it anticipates all Canadian banks will meet liquidity standards, “given their strong levels of liquidity, ongoing focus on liquidity risk management and the extended period before introduction of both the liquidity coverage ratio and the net stable funding ratio.”

An issue that may affect the banks however, is the effort to create a methodological framework for identifying globally systemically important banking institutions, DBRS notes. It will provide further views on that issue as more details emerge, it adds.

IE