Risk & Return Canada: CBA slams ‘regulatory risk’


One of the biggest problems facing Canada's banks is "regulatory risk" – a consequence of the unintended effects of regulation and the sheer volume of new rules, according to Marion Wrobel, vice-president for policy and operations at the Canadian Bankers Association. "Since the crisis, we have seen the pace and the extent and the magnitude of regulatory initiatives accelerate. Our banks have to deal with all of that in a very fast-paced way. We have to understand what the consequences a