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Study urges significant update of Canada's banking regulations

Thursday, January 12, 2017 @ 7:00 PM | By Geoff Kirbyson

The federal government should consider significant changes to Canada’s banking regulations if it wants to meet its goal of having the sector’s smaller players carve out a bigger niche, according to a study from the C.D. Howe Institute.

In its report, “Swimming With Whales: How to Encourage Competition from Small Banks,” the Ottawa-based think tank pointed out three significant challenges for essentially any institution outside of the Big Six banks.

First, they are overburdened by the regulatory framework. New competitors are, by their very nature, more...