Revisions designed to address key weaknesses exposed by the financial crisis
Current system protects banks, consumer advocates say
Immature technology poses challenges for future applicability in the banking sector
Interest rate risk can affect the safety and soundness of financial institutions
New enforcement division will improve agency’s ability to protect consumers
Banks have the financial resources and the tech expertise to adapt, but the trend is still going to dent their earnings
There has been progress in shadow banking monitoring and reporting data on global systemically important banks
Finance minister launches Advisory Committee on Open Banking
Additional tariffs would weaken labour and housing markets and could translate into higher losses in bank consumer portfolios
Canadian banks’ pursuit of multiple fintech strategies will diminish the likelihood of disruption