Government of Canada Pre-Publishes Regulations to Promote a Sound and Resilient Financial System
June 16, 2017 – Ottawa, Ontario – Department of Finance Canada
The Government is committed to building confidence in Canada's strong and well-functioning financial sector, which is vital to an economy that works for the middle class and those working hard to join it. For this reason, the Government is pre-publishing regulations to implement the Bank Recapitalization (Bail-in) Regime and seeking comment from all interested parties.
The regulations pre-published today in the Canada Gazette set out key features of the regime, including which types of debt instruments will be subject to the regulations. Canadians' deposits (including chequing accounts, savings accounts and term deposits such as Guaranteed Investment Certificates) are not subject to losses under the regime.
The Government is seeking comments from all interested parties until July 17, 2017.
- Invitation to submit views on proposed bank recapitalization regulations for Canada's domestic systemically important banks (Canada Gazette)
- Backgrounder: Regulations to Implement the Bank Recapitalization (Bail-in) Regime
- OSFI News Release
Media may contact:
Department of Finance Canada