One of the requirements is that they have a Minimum MCT/BAAT ratio. Does this mean they just need 100% MCT or 150% MCT? I would think they should have their MCT ratio > ICT though. Thoughts?
It's not stated specifically in the source but given you would be under supervision by OSFI should you go under 150% for your BAAT, I would guess it is the former. Technically, MCT doesn't necessarily have to be above ICT for a company to operate
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It's not stated specifically in the source but given you would be under supervision by OSFI should you go under 150% for your BAAT, I would guess it is the former. Technically, MCT doesn't necessarily have to be above ICT for a company to operate