Bloomberg Canada’s financial watchdog plans to revise capital requirements for the nation’s banks, drafting more risk-sensitive interim rules while moving faster towards adopting new criteria set by global regulators. The Office of the Superintendent of Financial Institutions’ Carolyn Rogers announced the changes during a speech at a conference hosted by RBC Capital Markets in Toronto. She said Canadian banks would ...

Bloomberg Japan’s economy will exceed growth forecasts this year, prompting the central bank to tighten monetary policy by mid-year, said Allen Sinai, president of Decision Economics Inc. Sinai said he expects Japan’s economy to grow 2 percent in 2018, and even faster in 2019, perhaps as much as 2.5 percent. “What has snuck up on everybody is the world business ...

Bloomberg Morocco will adopt a more flexible exchange rate from Monday as part of a long-awaited plan aimed at boosting the competitiveness of the North African nation’s economy. Bank Al-Maghrib, Morocco’s central bank, said in a statement it would widen the official band within which the dirham fluctuates to 5 percent, with a maximum daily moves of 2.5 percent above ...