Strong M&A activity boosts advisory revenues in first quarter
First quarter earnings were mixed for the large U.S. banks
Customers are less engaged, creating opportunities for non-banks
The ‘too big to fail’ measures will follow international principals
Resolution plans have weaknesses
No impact on bank ratings
The changes are now leading to a series of rating actions that affect more than 1,000 of 1,900 banks
Rudin explains why OSFI has not subjected Canadian banks have to public stress tests
Revision reflects insights gained from financial crisis
Policies will make it easier for banks and regulators to hold senior managers to account