Large Bank Mergers in Canada: Safeguarding the Public Interest for Canadians and Canadian Businesses - Report of the Standing Committee on Finance
|The Standing Committee on Finance studied the public interest
implications of large bank mergers in Canada.
In October 2002, the Minister of Finance and the Secretary of State (International Financial Institutions) wrote to the Standing Senate Committee on Banking, Trade and Commerce and the House of Commons Standing Committee on Finance asking for their views on the major considerations that should apply in determining the public interest with respect to large bank mergers. They indicated that, since the release of the Merger Review Guidelines applicable to proposed mergers of banks with more than $5 billion in equity, some stakeholders had suggested that the public interest tests needed greater clarity. In particular, the letter indicated that the committees might wish to consider the public interest implications of large bank mergers in four areas:
The report contains eleven recommendations, including:
Produced by the House of Commons. Published by Canadian Government Publishing, 2003.
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This page last modified: April 11, 2003
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