OTTAWA – August 21, 2019 – The Canada Deposit Insurance Corporation’s (CDIC) 2019 Annual Report was tabled today in Parliament.
OTTAWA – August 6th, 2019 – The Canada Deposit Insurance Corporation (CDIC) welcomes Duo Bank of Canad a to its membership. Headquartered in Mississauga, Ontario, Duo Bank grew out of Walmart Canada Bank, which was founded in 2010.
OTTAWA – May 29, 2019 – The Canada Deposit Insurance Corporation today welcomed the coming into force of its Resolution Planning By-law.
Following the global financial crisis, CDIC was designated the resolution authority for Canada’s domestic systemically important banks (D-SIBs), a mandate change made official when our Act was amended in 2017.
OTTAWA – May 27, 2019 – Canada Deposit Insurance Corporation is laying the groundwork to strengthen protection for deposits held in trust at member institutions with the publication in the Canada Gazette (Part 1) of CDIC’s Co-owned and Trust Deposit Disclosure By-law.
OTTAWA – May 23, 2019 – Minister Finance Minister Bill Morneau today announced the appointment of J. Martin Castonguay to the Board of Directors of CDIC, for a term of four years.
OTTAWA – May 17, 2018 – The Canada Deposit Insurance Corporation (CDIC)’s Corporate Plan Summary was tabled today in Parliament.
TORONTO – May 15, 2019 – The Canada Deposit Insurance Corporation (CDIC) is taking steps to modernize its reimbursement program and systems in the event of a member institution failure with the ultimate goal of providing Canadians with access to their protected savings on the day the failure of a member institution is announced. CDIC President and CEO Peter Routledge, discussed this plan during a panel discussion at the corporation’s annual public meeting.
OTTAWA – March 29, 2019 – On December 13, 2018, Parliament approved changes to the Canada Deposit Insurance Corporation Act that will strengthen and modernize deposit protection.
OTTAWA – February 11th, 2019 – The Canada Deposit Insurance Corporation (CDIC) welcomes Motus Bank to its membership. Headquartered in Ontario, Motus Bank is a wholly owned subsidiary of Meridian Credit Union.
OTTAWA – December 6, 2018 – The Canada Deposit Insurance Corporation (CDIC) is pleased to appoint Dean Cosman as Executive Vice-President, Insurance and Risk and Chief Risk Officer.