The Domestic Stability Buffer is a capital buffer that the big six Canadian Domestic Systemically Important Banks (D-SIBs) must set aside to cover potential losses during periods of financial stress. The Centre's Domestic Stability Buffer Council, chaired by Jeremy Kronick, provides OSFI, industry participants and key economic policy voices with an independent assessment of the direction for the buffer in pursuit of OSFI's mandate of contributing to public confidence in the Canadian financial system.
Communiqué
Wednesday, November 15, 2023 - Council Recommends Holding Domestic Stability Buffer at 3.5 Percent
Chair
Jeremy Kronick
Associate Vice President, Director of the Centre on Financial and Monetary PolicyMembers
Vivian Abdelmessih
Chair of the Board at Export Development Canada
Cathy Cranston
Former Treasurer at BMO Financial Group
Jamey Hubbs
Senior Fellow
Peter Levitt
Corporate and Philanthropic Director
Duncan Munn
President
Mark Zelmer
Senior FellowContent
