Risk & Return Canada: CBA slams ‘regulatory risk’
Policy head at Canadian Bankers Association expresses fears about side-effects of regulation; other speakers complain about "alphabet soup" of new rules
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 are and
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