Satisfactory financial condition
For the base scenario and going concern does the MCT have to be strictly greater than the internal target ratio and the regulatory minimum capital ratio or can they be equal to the ratios?
Ex: Internal target ratio = 180%
Base Scenario = 180%
is this in Satisfactory financial condition?
Comments
Yup it's a >= condition. In general, its always >=, except for the solvency scenario where Assets must be strictly > Liabilities
https://www.battleactsmain.ca/pdf/Exam_(2018_1-Spring)/(2018_1-Spring)_(24).pdf
just making sure that now. + going-concern scenario all has to be over 100% too?
Yes, should be >=100%