Westlake, a former CFO of EQB, will assume the role effective Aug. 25
Research "showed a statistically significant association" between sales pressure and recommendations not in client interests
Reps' concerns have been documented for years in IE's Report Card research
Online bank had inadequate KYC, risk assessment during rapid growth
Paper calls for central banks to lead preparations for looming security risk
Police allege financial institutions defrauded in money laundering scheme
Regulator to adopt rules that set out how workplace misconduct breaches rules
On their own, changes are "neutral", but could be "negative" alongside other efforts to relax banks' capital demands, Fitch Ratings says
Scotiabank and RBC have already made similar announcements
Regulator cites strength of Canada’s largest banks despite ongoing economic uncertainty