The U.S. DoJ alleged GE misrepresented the quality of the loans
Proposed rule aims to limit the interconnectedness of large banks
International group cites shadow banking, rapid industry innovation and cybersecurity breaches as potential risks
The day-to-day supervision of banks remains a weak spot, former OSFI superintendent says
Dietrich Domanski named secretary general
The SRC outlines its view of the essential ingredients of a safe and sound financial system
U.S. policymakers risk derailing global economy, says Lagarde, if debt limit not raised and Fed withdraws financial support
Swap arrangements extended for another year
Amar Bidhé, Thomas Schmidheiny Professor at the Fletcher School/Tufts University, says that regulatory changes enacted following the 2008 financial crisis haven’t addressed defects in the financial system. He says banking regulators should replace abstruse rules with a system of “case by case” regulation. He spoke at the IIAC Conference at the MaRS Discovery District in Toronto.
Canada has room to act, finance minister says