Bank executives rekindling merger hopes

Article Abstract:

The Canadian Department of Finance has criticized new financial services industry reform legislation because it will not bar mega-mergers in the banking sector. Canada's Finance Minister Paul Martin came under fire from banking industry officials after he opposed two major banking mergers.

Government domestic functions

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Banks face competition in Martin's sweeping overhaul

Article Abstract:

Canadian Finance Minister Paul Martin has proposed a series of changes to bank regulations that would expand competition in the industry. The rules changes, which would affect 22 federal statutes, emerge from a four-year task force study ofg the financial services market.

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PM slams the door on bank, insurance mergers

Article Abstract:

The plans of Canadian Prime Minister Paul Martin to review commercial law, which prohibits mergers in banking and insurance sector, are presented.

Legal issues & crime, Government expenditures, Government regulation, INSURANCE CARRIERS, Legal/Government Regulation, Interpretation and construction, Company acquisition/merger, Insurance industry, Economic policy, Commercial law, Prime ministers

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