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Michèle Bourque, president and CEO of the Canada Deposit Insurance Corp., discusses Canada’s progress in instituting legislation designed to bring an end to “too big to fail.” She discusses Canada’s progress on recommendations from the Financial Services Bureau, including “living wills and recovery plans” and “bail-in” proposals for financial institutions. Bourque spoke to Paula Virany, multimedia editor and video producer with Investment Executive, at the TMX Broadcast Centre in Toronto.
Michèle Bourque, President and CEO of the Canada Deposit Insurance Corporation, discusses the progress being made in Canada in response to recent calls from the Financial Stability Board to implement regulations that will put an end to bailouts and "too big to fail." Bourque explains the steps the CDIC takes when a financial institution fails, and the role of the CDIC in providing security for the financial industry and Canadian consumers. Bourque spoke to Paula Virany, multimedia editor and video producer with Investment Executive at the TMX Broadcast Centre in Toronto.
U.S. dollar deposits in Canadian banks are not covered by CDIC
Angela Tu Weissenberger is a senior economics professional and founder of ATM Associates
Canada Deposit Insurance Corp. Thursday announced the appointment of George Burger to its board of directors.Burger, of Toronto, is a senior media and broadcasting industry executive. He was most recently president and CEO of The Fight Network. Previously, he was executive vice president of Alliance Communications Corp. Prior to joining Alliance in 1994, Burger was […]
Michèle Bourque succeeds Guy Saint-Pierre
Host of new powers for CDIC and a new authority are the key initiatives announced in Tuesday's federal budget