RBC now too big to fail

Talk about a dubious honour. The Financial Stability Board, a group that keeps tabs on the international financial system, has added Royal Bank of Canada to its list of 30 systemically important banks. To help prevent a failure that could spark a global financial crisis, the Globe and Mail reports, RBC must hold a bigger capital buffer than less important peers. The country’s largest financial institution is the only Canadian bank on the FSB list.