Business · CA ·

Canadian banking supervisor signals shift toward growth alongside stability

The Globe and Mail · Business

Published · Updated

  • Peter Routledge, head of the Office of the Superintendent of Financial Institutions, delivered a speech announcing a new era for Canada's financial system.
  • Routledge announced that OSFI would balance banking stability against two additional deliverables beyond its primary responsibility.
  • The shift marks a departure from Canada's past approach to banking regulation.
The era of blind pursuit of stability over growth in Canadian banking is finally ending

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