December 17, 2016
The news is a couple of weeks old, but worth the topic
RBC joins ranks of global banks deemed ‘too big to fail’
Royal Bank of Canada has officially joined the ranks of global banks deemed too big to fail.
The Financial Stability Board (FSB), an international body based in Basel, Switzerland, and headed by Bank of England Governor Mark Carney, has added RBC to the list of 30 global systemically important banks, which must set aside larger capital buffers and face more onerous oversight.