Bank Regulator In No Rush to Lift Canadian Dividend Restrictions
- Agency head says keeping restrictions too long not a burden
- Curbs will remain until there’s no path for second setback
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Canada’s banking regulator is in no hurry to lift restrictions on dividends or share buy backs, the agency’s top official said.
Jeremy Rudin, head of the Office of the Superintendent of Financial Institutions, said in a speech Monday that he won’t loosen curbs on how financial institutions use their capital until risks of another economic setback have almost fully dissipated.