Bank mergers get 'yellow light.'

Article Abstract:

A federal task force has recommended a fundamental reorganization of Canada's financial-services sector by eliminating the separation of banking, insurance and car leasing. The task force also suggests allowing other players into the banking industry and proposes to the government to make regulations that would safeguard consumers and compel banks to make public their contribution to communities and their small-business lending policies. The task force, however, said that it neither gave approval nor disapproval to mergers of financial institutions, but recommended that each transaction be evaluated on its own merit and balanced with issues on employment, competition, consumers and international competitiveness.

Comment:

Canada: Task force proposes reorganization of financial industry by eliminating separation of banking, insurance, car leasing

Article

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Old systems, new demands

Article Abstract:

United States Pipeline Safety Administration and Canadian agencies are directing oil and gas companies to enhance safety of leaking pipelines. The impact of regulatory pressure on the sector is discussed.

United States, Legal issues & crime, General services, Government regulation, Crude Petroleum and Natural Gas Extraction, Natural Gas Distribution, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Natural gas liquids, Legal/Government Regulation, Petroleum refining, Gas Production and Distribution, Oil & Gas Extraction, Oil and Gas Extraction, Crude petroleum pipelines, Crude Oil Pipelines, Pipeline Transportation of Crude Oil, Gas Service Lines, Safety and security measures, Petroleum industry, Gas industry, Petroleum, Maintenance and repair, Petroleum pipelines, Gas pipelines

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Finance minister to have wide bank powers

Article Abstract:

Canada considers legislation which would give the federal finance minister the final say on bank mergers, acquisitions and corporate investments.

Market information - general, Financial services industry, Economic policy, Canada. Finance Canada

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