RE:RE:RE:Tier 1 capital only 9.3% at Laurentian = SELLThe increase in CET1 requirement is linked to the increase in DSB by the OFSI. As per the links below. this increase applies only to the Big Six.
>>>What is the Domestic Stability Buffer The DSB is like a rainy-day fund. It's a capital buffer that the banks are required to set aside to be able to cover losses during financial uncertainties. The DSB applies only to Canada’s six largest banks, known as Domestic Systemically Important Banks (D-SIBs):
Bank of Montreal
Bank of Nova Scotia
Canadian Imperial Bank of Commerce
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
If these banks fail, it can have far-reaching consequences for our domestic economy and often for the global financial system.
https://www.osfi-bsif.gc.ca/Eng/fi-if/in-ai/Pages/dsb-idx.aspx
>>>>OSFI Opening Statement – December 8, 2022 Domestic Stability Buffer Announcement To summarize our main decisions today: OSFI is increasing the range of the DSB from its current 0% to 2.5% to a new range of 0% to 4% of total risk-weighted assets; We are increasing the DSB level to 3%, which is a rise of 50 basis points, and OSFI remains prepared to take further action should conditions warrant.
https://www.osfi-bsif.gc.ca/Eng/fi-if/in-ai/Pages/dsb20221208-nt.aspx