For example, since 2013, Canadian banks have been required to hold at least 7 per cent of Common Equity Tier 1 capital, compared with the Basel requirement to hold 4.5 per cent by 2015. OSFI has also required full implementation of the Liquidity Coverage Ratio (LCR) beginning in 2015, rather than the 2019 requirement under Basel III.
2  BIS central bankers’ speeches  First, the effectiveness of the supervision of large internationally active banks has been increased.