Investors and creditors, not insured depositors, would bear the cost of a bank “bail-in” recapitalization plan
The Basel Committee on Banking Supervision and the International Association of Deposit Insurers (IADI) issued the final version of a set of principles to guide countries’ deposit insurance systems.The principles, which were developed by a joint working group between the Basel Committee and IADI, address a range of issues including deposit insurance coverage, funding and […]
The Canadian Bankers Association commended the federal government for announcing three measures in the 2005 budget, which it says enhance the efficiency of Canadian financial markets.The CBA says it welcomes the federal government’s decision to proceed with a review of Canada’s financial services legislation and policy framework, which includes the Bank Act.“We are delighted that […]
Among a host of initiatives, federal government looks to increase deposit insurance, reduce overlap between federal regulators and boost efforts to fight money laundering