Bail-In Exemption Supports Canadian Covered Bond Ratings
Banking & Financial Services / Canada / Fri 12 Jan, 2018
Canada's Bank Recapitalization (Bail-in) Regime increases the protection for covered bondholders against a hypothetical issuer default, according to Fitch Ratings. It will lead to larger buffer against a potential issuer downgrade for Fitch-rated covered bond programs of federally Domestic Systemically Important Banks (D-SIB) in Canada. Under an