Feedback on proposed guidance due Jan. 31
Move follows review of eight large U.S. banks
Canadian banks still absent from list of global systemically important banks
SHARE outlines business arguments for banks to improve services to underserved market segments
A rapid rise in long-term rates can drive a quick swing in the balance of unrealized gains and losses in U.S. banks’ portfolios
30 companies will participate during this stress testing cycle
Second consultation paper sets out more detailed proposals
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