Category Archives: Regulation

Too Big To Fail: Government Guarantee

Read news story about increased capital requirements for Canada’s “Big Six” banks, based on Julie Dickson, the federal Superintendent of Financial Institutions deeming them to be “too big to fail”. Capital is not the equivalent to cash reserves, but rather … Continue reading

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Target

From the concluding chapter of Canadian Financial Institution Failures: The Pathologies of Regulatory Inaction, the doctoral dissertation (Schulich School of Business [as it is now known], 1993): (7)Financial institution regulators will generally view the regulated as being composed of homogeneous … Continue reading

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Regulator and Regulated

The relationship between the regulator and the regulated was evolving, some time ago, as I discovered when researching and writing my doctoral dissertation (1993). Major issue: what are the limits of regulatory discretion, particularly regulatory discretion to not enforce the … Continue reading

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