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CDIC is Canada’s resolution authority
CDIC is Canada’s resolution authority
CDIC is Canada’s resolution authority

Formal designation includes authority for Canada’s largest banks

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Is my money OK?
Is my money OK?
Is my money OK?

Find out if your institution is protected.

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How we protect depositors in a failure
How we protect depositors in a failure
How we protect depositors in a failure

Resolution Tools

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Did you know?

Did you know?

 
 

Are deposits held at a bank branch in Canada by a non-resident or non-Canadian citizen eligible for CDIC coverage?

A: The place of residence or nationality of depositors does not affect the eligibility of their deposits for CDIC coverage...


Are my deposits protected if my bank is not a member but is owned by one?

A: Some of our member institutions offer depositors the option to purchase eligible deposits through their trademark company or directly through the CDIC member that own the trademark. If this is the case...

 
News and events

News and events

 

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.

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