Regulators have widened the liquid asset criteria
Revisions endorsed on the weekend by oversight body
It will be up to OSFI to determine which banks may be considered systemically important in Canada
Review of Canadian regime will be conducted in 2013
Report shows progress made from June 2011
Core principles for effective banking supervision endorsed by global bank supervisors
Banks to hold more capital for exposures to default funds
Proposed rules extend regime for global systemic banks
The revised guidance reflects lessons learned from the financial crisis
Inability of banks to aggregate risk exposures fully and quickly undermines stability