Michèle Bourque, President and CEO of the Canada Deposit Insurance Corporation, discusses the progress being made in Canada in response to recent calls from the Financial Stability Board to implement regulations that will put an end to bailouts and "too big to fail." Bourque explains the steps the CDIC takes when a financial institution fails, and the role of the CDIC in providing security for the financial industry and Canadian consumers. Bourque spoke to Paula Virany, multimedia editor and video producer with Investment Executive at the TMX Broadcast Centre in Toronto.
Improvements in asset quality have stalled
Earnings from non-securities businesses should support bank profits
Many Canadians in large regions of the country not are served by banking institutions
Rating agency says Canadian housing market and mortgage balances will begin to plateau over the next one to two years
Capital shortfall shrinks for Group 1 banks
A bigger rise in long-term rates would undermine banks’s asset quality
Would-be robbers could have drained millions from Spanish bank
New Rogers Bank also expected to join OBSI along with new advisory council members
New report shows that without government support banking default rates would be higher