Navigating Through Regulatory Complexity: Perspectives on the Canadian banking industry

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Overall, 2011 was another successful year for Canadian banks. The six big banks achieved combined profits of $23.6 billion and have Tier 1 capital ratios ranging from 12% to 14.7%.

However, while Canadian banks have long established their ability to manage events at home, winds of uncertainty are swirling in the global market that will likely be felt in Canada. Governments are introducing a wide range of regulatory reforms, impacting Canadian banking operations in foreign countries. The largest of these reforms is the Dodd-Frank Wall Street Reform and Consumer Protection Act, but the changes don't stop there.

The following publication provides an industry perspective on the key regulatory issues facing the banking industry such as Dodd-Frank, Foreign Banking Operations (FBO), Volker Rule, Over-the-counter (OTC derivatives), FATCA, MiFID II, and Basel III.