- What is the Bank Act
- What does the Bank Act regulate
- What is Basel Reporting
- Do Canadian Banks follow Basel Reporting
- Accounting Rules
- Liberal Party proposed changes
- Banking Sector Analysis
- Issues facing the Banking Sector
3. Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
4. Agenda
• What is the Bank Act
• What does the Bank Act regulate
• What is Basel Reporting
• Do Canadian Banks follow Basel Reporting
• Accounting Rules
• Liberal Party proposed changes
• Banking Sector Analysis
• Issues facing the Banking Sector
9. Do Canadian Banks file Basel Reporting
• Basel III is a framework that sets out global regulatory rules for bank capital
and liquidity. These rules were originally published in December 2010 in
response to the global financial crisis and are subject to ongoing review and
updates.
• The phase-in of Basel III capital rules began in 2013. Canada implemented
these changes in January 2013, well ahead of many other countries and well
ahead of the Basel III timeline. The phase-in of Basel III’s liquidity rules
began in 2015.
• Basel III was developed and agreed to by members of the Basel Committee
on Banking Supervision. This is a longstanding committee of the Bank for
International Settlements (BIS) that is mandated to review and develop
banking guidelines and supervisory standards at a global level.
13. What needs to be done to protect the
banking sector
• House valuation
• All banks should be forced to tighten their rules when it comes to market valuation
• Tie the price growth to wage and inflation growth
• Push government for changes
• Foreign ownership
• Condo maintenance fees capping
• Affordability index
• Maintenance
• Utilities and Property Taxes
• Monitoring capitalization
• Bank balance sheets should be routinely tested by independent auditors
• Risk Management Plans
• Risk Plans should be available to the public and tested by auditors either via Auditor-General
or External Auditors
http://www.bnn.ca/News/2015/9/30/Canadian-banks-ranked-worlds-soundest-for-eighth-straight-year.aspx or http://www.pwc.com/ca/en/industries/banking-capital-markets/publications/canadian-banks.html