Former BoC senior deputy governor will serve as external member of U.K.'s Financial Policy Committee
CIBC's CEO commented on Canada's heated housing market ahead of the bank's annual general meeting
Dave McKay also spoke at the bank's AGM about the need for a more inclusive Canadian society
Darryl White spoke at the bank's virtual annual general meeting
The limit was raised last year alongside other measures designed to help financial institutions weather the pandemic
The bank's Caribbean presence now includes 41 branches supported by 3,000 employees
Systemic risk tied to banks has been reduced, but policymakers still spot gaps
Accounting rule changes, less risky loans and government support measures have banks ready for possible loan losses
Credit loss provisions accumulated during the pandemic should see the banks through 2021
Banks are mostly sitting on households' extra cash, research finds