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Canada6 Comments

The Canadian bank model secret? | risk aversion

Colin Henderson

The general theme that the ‘Canadian Bank model’ is superior has constantly intrigued me, having been personally involved there. Size and Diversification: They are smaller and less diversified, so some risk mitigation appears there. This is probably the biggest reason. Number: There are only five of them, of any consequence, so a couple of regulators can do a lot of supervision there. Loan restriction: there is a restriction on loan participation relative to capital. Purdy Crawford/ Pan Canadian Investments: The Canadian government did presciently freeze $35 billion in derivatives back in 2007. But no … in aggregate there is no … Continue reading The Canadian bank model secret? | risk aversion

Uncategorized3 Comments

Liveblogging C-Span | Timothy Geithner, Secretary of the Treasury on bank bailout package 10th Feb

Colin Henderson

Two minutes to go – running a little late.  This set of announcements to talk about the plans for the remaining $250 Bn TARP money. Expect to see these dramatic developments. A public / private investment fund a new pre-requisite requirement for banks before receiving for government aid major expansion to consumer / business lending programme I will update this post every few minutes. Here we go.  Sen Chris Dodd, D Banking, Housing and Urban Affairs Committee Chairman  introduces Geithner. Treasury Department Financial Markets Assistance Plan. Notes listening to him: “Introduction has talked about unfreezing credit 5 times – interesting … Continue reading Liveblogging C-Span | Timothy Geithner, Secretary of the Treasury on bank bailout package 10th Feb