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.
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.