New capital rules impact Canadian banks' competitiveness [Wealth Professional (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Wealth Professional
New capital rules for Canada's largest banks are expected to bring significant business and economic costs. These rules may reduce lending and put Canadian banks at a disadvantage compared to their counterparts in the United States and Europe. According to the Financial Post , veteran analyst Gabriel Dechaine from National Bank Financial discussed these impacts in a report published late Tuesday. The phased-in Basel rules introduced in 2023 will affect how banks calculate risk-weighted asset ratios, with full implementation approaching in early 2026. These rules will move away from sole reliance on a measure criticized for not reflecting the risks in loan books, impacting banks' common equity tier one (CET 1) capital ratios. The new Basel rule, known as the output floor, will impose “greater conservatism on banks…conservatism that comes at a cost,” Dechaine wrote. He added that the lower CET 1 will mean less return on equity for banks. Applying the full impact to the Big
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News
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- TD Says Deep Rate Cuts Will Revive Canada's Economic Growth [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Payments Canada names Susan Hawkins as CEO [BNN Bloomberg (Canada)]BNN Bloomberg
- Why BofA believes U.S. banks offer better value than Canadian lenders. Plus, a ‘buy and hold' portfolio that really works [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
TD
Earnings
- 5/23/24 - Beat
TD
Sec Filings
- 6/26/24 - Form 424B2
- 6/26/24 - Form 424B2
- 6/26/24 - Form 424B2
- TD's page on the SEC website