| Summary of Regulatory Capital and Capital Ratios |
During 2022 and 2021, we complied with all capital, leverage and TLAC requirements, including the domestic stability buffer, imposed by OSFI.
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As at |
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(Millions of Canadian dollars, except percentage amounts and as otherwise noted) |
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$ |
75,583 |
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82,246 |
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92,026 |
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Risk-weighted assets (RWA) used in calculation of capital ratios (1) |
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$ |
444,142 |
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34,806 |
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73,593 |
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$ |
552,541 |
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Capital ratios and Leverage ratio (1) |
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13.7% |
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14.9% |
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16.7% |
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4.9% |
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Leverage ratio exposure (billions) |
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$ |
1,662 |
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TLAC available and ratios (2), (3) |
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n.a. |
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n.a. |
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n.a. |
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| (1) |
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Capital, RWA, and capital ratios are calculated using OSFI’s Capital Adequacy Requirements (CAR) guideline and the Leverage ratio is calculated using OSFI’s Leverage Requirements (LR) guideline as updated in accordance with the regulatory guidance issued by OSFI in response to the COVID-19 pandemic. Both the CAR guideline and LR guideline are based on the Basel III framework. |
| (2) |
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Effective November 1, 2021, OSFI requires Domestic Systemically Important Banks (D-SIBs) to meet minimum risk-based TLAC ratio and TLAC leverage ratio requirements which are calculated using OSFI’s TLAC guideline. |
| (3) |
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The TLAC standard is applied at the resolution entity level which for us is deemed to be Royal Bank of Canada and its subsidiaries. A resolution entity and its subsidiaries are collectively called a resolution group. Both the TLAC ratio and TLAC leverage ratio are calculated using the TLAC available as percentage of total RWA and leverage exposure, respectively. |
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