New rules aim to improve the quality and utility of these disclosures
Some companies have already missed Basel III implementation deadline
Measures designed to improve trading book capital requirements
More capital needed to meet Basel III requirements
Peer review program will assess whether national rules meet global standards
Activities involving riskier exposures, which will be subject to higher capital charges, may migrate into the “shadow banking” sector
Revisions aim to bring OSFI guidelines into line with reforms adopted by Basel Committee
“A substantial leap forward in transparency” would be achieved
Proposals designed to improve the transparency of regulatory capital and enhance market discipline
Liquidity coverage ratio on banks to be introduced as a minimum standard in 2015