Jump to content

Depositor Haircuts Spreading: Canada Endorses Cypriot Financial Harshness. Ottawa’s Proposed “Bail-in Regime for Important Banks”


Recommended Posts

Thanks for pointing this out. Canadian financial system has now officially became an extension of government (unofficially it has been one for a long time). I was not aware of the “ability to re-capitalize the deposits” – very re-assuring /s. Interestingly enough, this ability only applies to “Systemic” banks, which in Canada are known as Big 6 (and who control vast majority of the financial assets), but not to smaller players. Very similar situation to Cyprus. Kind of makes sense to consider moving one’s deposits to a smaller bank. Too bad ING is now part of BNS.

Link to comment
Share on other sites

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.