Document Type
Commissioned Report or Study
Publication Date
4-9-2019
Subjects
legislative changes, regulatory changes, banking/commercial separation doctrine, business of banking
Abstract
Banks have long provided essential services to the economy and to Canadians. In return, they have had access to special privileges, and been subject to special prohibitions. Across the world, there are boundaries around what we in Canada would call the “business of banking”. Such boundaries are important, because they set the conditions under which institutions may be recognized as “banks,” and may have access to those privileges and prohibitions. This report summarizes research undertaken across five jurisdictions – Australia, Japan, Singapore, the United Kingdom (UK), and the United States (US, federal level only) – with respect to a particular kind of boundary on the business of banking: the separation of banking business from commercial business.
Citation Details
Cristie Ford, "A Multi-jurisdictional Review of Legislative and Regulatory Changes in Relation to the Banking/Commercial Separation Doctrine, and the Business of Banking" (09 April 2019) [Report produced for the Department of Finance, Canada]