PAP3902 Lecture Notes - Lecture 9: Financial Stability Board, Interest Rate Risk, Mark Carney

• School: University of Ottawa
• Department: Public Administration
• Course: PAP3902
• Professor: Vlasios Melansakis

Document Summary

Challengies of transitioning from utilities regulation to a competitive model the ideal place to be. In no other areas do we regulate so extensively. The bank act, the piece of legislation on how we regulate banks, is only rivaled in length by the. To this day, the longest piece of legislation to go through parliament is the bank act and its just the building blocks on how we regulate. There are 50 fiaancial regualtors in canada not including the competition bureau which regulates competitiom. Covers a wide range of regulation both credential regulations and ____ In addition to the number of regulators, it is also by far the most international in the sense that there are international standards that govern all this. These are international rules in fact, they are negotiated by the finance ministers, central bank governors and regulators of the g20 countries in a governance structure all develop extensive rules in finance.