BMO CEO says recent turmoil has put banks through a ‘live stress test’

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Canadian regulators had already turned a more watchful eye on lenders in the year before the collapse of two U.S. banks sent markets spiralling

, but the federal government and the Office of the Superintendent of Financial Institutions have signalled in recent months that they are considering further measures to guard against any potential risks.outlook

Ottawa is also taking precautions. In its budget released in late March, the federal government said that it plans to expand the mandate of OSFI to include determining whether financial companies have sufficient protection against security threats and widening

 

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Ya G&M, pity the banks🖕

I bet he’s regretting buying a Cali regional bank at the absolute height of the mkt and the highest possible valuation, especially per customer. There’s more to come on the stress front.

Be your own bank and buy silver and gold

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