Canada’s Domestic Stability Buffer: Swimming Against the Tide
OSFI's Domestic Stability Buffer is meant to be drawn down in times of stress, so Canadian banks don’t have to sell assets and can continue to provide loans. Buffers are buffers, not floors. In his remarks to the C.D. Howe Institute, OSFI Assistant Superintendent Jamey Hubbs will discuss the Domestic Stability Buffer and its design, and OSFI's continuing efforts to inform market participants about the buffer and its intended use.
Jamey Hubbs, Assistant Superintendent, Deposit-Taking Supervision Sector, Office of the Superintendent of Financial Institutions
Jamey Hubbs was named Assistant Superintendent, Deposit-Taking Supervision Sector in April 2015.
In this executive role, he is responsible for the supervision of some 150 federally regulated deposit-taking institutions.
Mr. Hubbs brings more than 25 years of varied experience in the financial services industry to the role, most recently as Senior Director, Credit Operations, Market and Model Risk within OSFI's Supervision Support Group. Prior to joining OSFI in May 2012, Jamey was Executive Vice President and Managing Director, Co-Head of Global Markets CEO for HSBC Securities (Canada) Inc. He has also served in senior management positions at TD Securities, National Bank Financial, and Scotia Capital, both in Canada and London, England.
Mr. Hubbs earned a Bachelor of Arts, Psychology from the University of Waterloo and holds a Masters Certificate in Project Management from the Schulich School of Business.