As part of coverage on Equitable Bank's $800-million acquisition of PC Financial from Loblaw, the Financial Post explored what this major deal means for competition in Canada's banking landscape. Speaking with reporter Barbara Shecter, Alana Scotchmer, a partner in Gowling WLG's Financial Services Regulation Group, discussed how the transaction fits into the federal government's broader policy direction to promote competition among financial institutions.

"What we have is a broad policy direction, and it remains to be seen how regulators will translate that into specific measures," said Alana. "Further consolidation in the mid-market, however, only makes the need to address those objectives more pressing."

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