Canada’s banking sector under international scrutiny: Alana Scotchmer weighs in on the regulatory environment in The Globe and Mail

Speaking recently with The Globe and Mail, Alana Scotchmer provided insight into the forces that constrain new entrants in Canada’s banking sector. The article explores the challenges and opportunities for banking market entry for both Canadian and international applicants.

The country’s banking regulator “has prioritized the safety and soundness of Canada’s financial system for a long time, which is why the application requirements are onerous,” said Scotchmer. “We look at Canadian entrants to the banking scene as well, and it’s a long process for them too.”

To read the full article, click the link below (subscription may be required):

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