RE:AIRB impactFrom their Q2 MD&A.
Submitted our AIRB implementation plan to OSFI. Reported a CET1 Ratio of 13.1%, which is ahead of the regulatory minimum and most competitive benchmarks.
We continue to advance our AIRB initiative with the objective of operationalizing the program by the end of 2020. The benefits of AIRB include improving the sophistication of our risk management, allocating appropriate levels of capital to our risks, and introducing a methodology that allows us to compete more effectively across a broader range of assets. Our initial analysis also indicates that AIRB will have a meaningful impact on our total risk-weighted assets and a potential economic benefit to the Bank.