[Ed. Note: Look at the financial statements of any Canadian bank. The largest liability on their books is 'Interesting Bearing Deposits.' Connect the dots...]
from Government of Canada
Chapter 3.2: Helping Manufacturers and Businesses Succeed in the Global Economy [...]Establishing a Risk Management Framework for Domestic Systemically Important Banks [...]
The Government proposes to implement a “bail-in” regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants. [...]
Continue Reading at Budget.gc.ca…
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