This paper first describes the Bank of Canada’s approach to the design of large-value clearing and settlement systems. It then examines the way the Bank has operated under the Payment Clearing and Settlement Act, passed by Parliament in July 1996. Through this act, the Bank was assigned...

This paper examines the major changes in the Canadian banking system since the Second World War, with special attention paid to the differences between Canadian and US developments over this period. An important difference between the countries is the nationwide branch banking arrangements in...

The financial service industry has been undergoing significant change in recent years. This paper analyzes some key developments affecting the industry and examines some important issues facing the industry and its regulators. Changes discussed include the way services are provided, the...

The Canadian financial industry continues to experience significant changes. This report provides an update on recent developments and re-examines a number of issues facing financial service providers that were identified in Technical Report No. 82. In particular, this report highlights the role...