Reform expected to be implemented by the end of 2012
Only three in 10 believe banks should consider further expansion outside of Canada.
Retail banking units will see strong performance
International reports that Ottawa bailed out Canada’s financial sector are not accurate
Although the financial system has survived intact, consequences may be severe
Long-term vision needed to maintain Canada’s competitive advantage
Drop entirely driven by a contraction in interbank claims
Bad loans are still coming onto the books at fairly high volumes
Revised methodology captures higher probability of economic loss
Risk management gets thumbs-up from DBRS; Canada has the world’s soundest banking system, says World Economic Forum