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Bank of Botswana ; Non-Bank Financial Institutions Regulatory Authority (NBFIRA) Brazil: Central Bank of Brazil ; Securities Commission (CVM) ; Superintendency of Private Insurance (SUSEP) and Agência Nacional de Saúde Suplementar (ANS) British Virgin Islands: British Virgin Islands Financial Services Commission (BVIFSC) Brunei
OFAC is headquartered in the Freedman's Bank Building, located across the street from the Treasury Building in Washington, D.C.. In addition to the Trading with the Enemy Act and the various national emergencies currently in effect, OFAC derives its authority from a variety of U.S. federal laws, particularly the International Emergency Economic Powers Act (IEEPA), regarding embargoes and ...
A primary dealer is a firm that buys government securities directly from a government, with the intention of reselling them to others, thus acting as a market maker of government securities.
The Canada Deposit Insurance Corporation was created 4 March 1967 [1] (under Schedule III, Part 1 of the Financial Administration Act and Canada Deposit Insurance Corporation Act). It is similar to the Federal Deposit Insurance Corporation in the United States. Since 1967, 43 financial institutions have failed in Canada and all 43 were members ...
1925 – the Office of the Inspector General of Banks was established in response to the Home Bank failure and was responsible for regulating Canada's chartered banks. Early 1930s – Royal Commission on Banking and Currency reviewed banking and currency issues in the Canadian financial system.
Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation. [citation needed] Unlike other major federations, Canada has no securities regulatory authority at the federal government level. Nonetheless, most provincial security commissions operate under a passport system, so ...
Up to the late 1990s, CIBC was the second largest, [21] followed by Bank of Montreal, Scotiabank, and TD Bank. [22] During the late 1990s and beyond, this ranking changed due to several reorganizations. Royal Bank acquired Royal Trust in 1993, [23] while Scotiabank purchased National Trust in 1997. As Scotiabank found no merger partners among ...
One of Canada's Big Five banks, The Bank of Montreal set out to acquire the Merchants' Bank of Canada in 1921, which had over 400 branches from the Maritimes to Vancouver Island. The bank had engaged in some large, risky loans, but still held assets of $190 million and nearly $20 million in capital and surplus, with a solid history of paying ...