Banks told to meet new capital rules, pronto - The Globe and Mail

Banks told to meet new capital rules, pronto - The Globe and Mail: "Canadian banks are being asked to meet new global standards for capital well ahead of the rest of the world, but regulators have stopped short of imposing a made-in-Canada deadline.

Instead, the Office of the Superintendent of Financial Institutions said on Tuesday that it wants Canada’s banks to surpass the new global standard for Tier 1 capital “as soon as reasonably possible.”"