June 27, 2025

federal government

Banking

Canadian banking regulator maintains domestic stability buffer for large lenders

Open this photo in gallery: The Bay Street Financial District in Toronto. The domestic stability buffer also affects the minimum capital levels that a bank is expected to hold.Nathan Denette/The Canadian Press Canada’s banking regulator has held steady the capital cushion that the country’s largest lenders must reserve, signalling that financial institutions are withstanding the

Read More
Banking

Scotiabank taps Finning executive as chief operating officer for Canadian banking unit

Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at

Read More
Crypto

Senate Urges Crypto Regulation in Nigeria

The Senate Committee on Capital Market on Friday called on the Federal Government to regulate and formalise cryptocurrency trading in the country to protect investors and tap into Nigeria’s booming digital asset economy. Speaking during a media parley in Abuja, Chairman of the Committee, Senator Osita Izunaso, underscored the urgency of embracing digital finance, warning

Read More
Funds

RI federal judge orders FEMA to unfreeze disaster funds. What comes next?

PROVIDENCE – A federal judge in Rhode Island directed the Federal Emergency Management Agency on Friday to comply with a previous court order and release funds to states that filed suit against the administration of President Donald Trump. U.S. District Court Chief Judge John J. McConnell Jr. granted a request from 23 Democratic states, including

Read More
Banking

Questrade inches closer to winning Canadian banking licence

Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –

Read More
Finance

How Mark Carney’s choice of finance minister shows he wants to shake things up

Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime

Read More
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. View more
Accept
Decline