Banks warned of higher risk

Article Abstract:

A new report from Superintendent of Financial Institutions says that Canadian banks are taking risks due to growing global industry consolidation. The government agency is backing new legislation that would give banks greater flexibility in competing against foreign banks.

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Bill C-8 passes; banks likely free to talk mergers by next week

Article Abstract:

Law C-8, which affects the financial services industry and supports the mergers of large banks, passes in the Senate.

Government regulation (cont), Financial Services, Finance and Insurance, Financial services industry, Acquisitions and mergers, Canada. Parliament. Senate

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Political worries forefront of banks' merger plans

Article Abstract:

Liberal Party members of Canada's Parliament are backing away from regulatory approval of major mergers in the banking industry. Liberal leaders, especially in the province of Ontario, have withdrawn their support for bank mergers because industry consolidation brings massive layoffs of bank employees and branch closures.

Political organizations, Political activity, Political aspects, Liberal Party (Canada)

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