Michèle Bourque, president and CEO of the Canada Deposit Insurance Corp., discusses Canada’s progress in instituting legislation designed to bring an end to “too big to fail.” She discusses Canada’s progress on recommendations from the Financial Services Bureau, including “living wills and recovery plans” and “bail-in” proposals for financial institutions. Bourque spoke to Paula Virany, multimedia editor and video producer with Investment Executive, at the TMX Broadcast Centre in Toronto.
7,000 MonCana Bank customers moving to Canadian First
Last week’s win may encourage the DOJ to take more cases to trial or extract heftier penalties
The growth in high net-worth individuals across North America has Canada's banks looking abroad more than ever
The name changes are the first step toward creating a single legal entity for the bank's wealth-management businesses
Compliance will act as a drag on profitability for most banks, rating agency says
Proposal aimed at helping banks withstand a credit crunch and preventing another financial crisis
Declines in mortgage banking revenues and weak fixed-income trading results were the primary drivers of weaker earnings
Large European banks will undergo a risk assessment, asset quality review, and stress test
Higher costs to financial institutions and more face time with their supervisors