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This is a list of tribunals in Canada. Tribunals do not necessarily have to be referred to as such in their title, and are also commonly known as "commissions" or "boards." [1] Tribunals in Canada are established by federal or provincial legislation, and generally refer to any persons or institution with authority to judge, adjudicate on, or ...
[5] On June 30, 2017, the Office of the Superintendent of Financial Institutions issued an advisory, stating that it planned to enforce the Bank Act's prohibitions on using the word or verbiage "bank" in connection to any financial service that is not a bank. The terms were required to be removed from websites by the end of 2017, from print ...
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.
Tribunals in Canada are subject to judicial review, where a superior court can quash a tribunal's decision if the tribunal exceeds the limits of its statutory authority. [4] In Ontario, decisions by provincial tribunals are subject to review by the Divisional Court branch of the Ontario Superior Court of Justice to determine they are fair ...
The Canadian Bankers Association, founded in 1891, held some administrative roles within the bank system, [2] and the Bank of Montreal had been the government's banker since 1817. [3] In The Bank of Canada Act, 1934, The Bank of Canada was incorporated as a central bank "to regulate credit and currency in the best interests of the economic life ...
An inquiry called by the federal government into matters of national concern are known in Canada as royal commissions or commissions of inquiry. These consist of a panel of distinguished individuals, experts, or judges convened by the governor-in-Council (the governor general acting on the advice of Cabinet) to look into and secure advice for an issue of general importance or to fully ...
From 1963 to 1967 Stevens, was embroiled in an attempt to form the first new Canadian chartered bank in 50 years, Westbank. That caused resentment in several quarters. Westerners saw it as yet another eastern-controlled firm, Conservatives were put off by the association with Coyne, and the feathers of the establishment banks were ruffled.
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