CDIC is formally designated as Canada’s resolution authority
The Canada Deposit Insurance Corporation (CDIC) today welcomed changes to its mandate, which now formally designates CDIC as the resolution authority for Canada’s largest banks.
Further steps on bail-in regime will strengthen CDIC’s power to resolve large banks in failure
New elements of the Government’s bail-in regime for domestic systemically important banks (D-SIBs) are being advanced that will strengthen Canada’s resolution regime, the Canada Deposit Insurance Corporation said today.
