Higher interest rates and pro-growth policies on the U.S. economy would boost business
The change in structure will allow the firm to broaden its ability to provide financial services to Canada’s credit union system
The use of internal models by financial institutions has increased
U.S. banking regulators adopt new rule
The regulator is starting its review with a sample of boards from federally regulated financial firms of different sizes and business models
The guidance addresses the risk of a bank in resolution being unable to maintain access to critical clearing, payment, settlement and custody services
Growth of fintech and compliance is causing financial services firms to reconsider their office space needs
The likely reduction of support for systemically important banks and elevated housing prices and high levels of household debt remain vulnerabilities
Canada’s banks’ strong fundamentals mean that the risks they face should be manageable heading into 2017
Beyond the growing direct impact the sector is having, it also serves as a catalyst for growth in other areas of the economy, a new report points out