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Finance committee urges curbs on non financials owning banks
The House of Commons Finance Committee warns that allowing a single non financial firm to own 100 percent of a trust company concentrates power and risks depositors. It urges a rule limiting non financial owners to 30 percent of a financial institution and tasks ministers to draft law.
MENTIONED IN THIS ARTICLE
Don Blenkarn
House of Commons Finance Committee
Feds
Genstar
Canada Trust
Canada Permanent
Imasco
Barbara McDougall
Canada
Imascos
McDougall
Mike Wilson
Paul Pare
Trevor Eyton
Eyton
Brascan
Edward
Peter Bronfman
Triton Financial
Royal Trust
Royal LePage
Blenkarn