Legislation in offing
Banks committed to implementing enhancements in disclosure, bonus deferral, and clawback provisions
Loan loss provisions to rise in the near term
Differing treatment of financial instruments in Canada and the U.S. will put banks in a delicate situation
Many of Canada’s biggest banks are beefing up their insurance businesses, and their direct-distribution channels are gaining prominence as the institutions seek new ways to reach a large, untapped market of Canadians.Bank of Nova Scotia is the most recent bank of the Big Five to bolster its presence in insurance. In August, the bank’s Canadian […]
Canadian cities lose ground
BIS issues quarterly review
Company name to change to Xceed Bank, pending OSFI application approval
Lack of details leaves questions of implementation and enforcement unanswered
Measures to strengthen regulation will reduce probability of financial stress, group says