Pressures Mount for Reform of Canada's Financial Services: C.D. Howe Institute



    TORONTO, June 28 /CNW/ - Canada urgently needs regulatory reform that
would allow for a more competitive market in financial services, according to
a study released today by the C.D. Howe Institute. In Branching Out: The
Urgent Need to Transform Canada's Financial Landscape and How to Do It,
Thorsten V. Koeppl and James MacGee issue a wakeup call for Canada's financial
system. They assess the implications of business consolidation in the global
financial industry and also provide fresh analysis of market developments that
will keep the domestic market competitive when businesses do merge, such as
increased competition from new players offering new distribution channels and
technology. The authors make the case for bank mergers, bank/insurance mergers
as well as further entry of foreign banks into Canada.

    The full Study, Branching Out: The Urgent Need to Transform Canada's
Financial Landscape and How to Do It, is available at:

    http://www.cdhowe.org/pdf/PressReleases/english/commentary_251pr.pdf

    The study is available at http://www.cdhowe.org/pdf/commentary_251.pdf





For further information:

For further information: Thorsten Koeppl, Dept. of Economics, Queen's
University; James MacGee, Dept. of Economics, University of Western Ontario;
Finn Poschmann, Director of Research, C.D. Howe Institute, (416) 865-1904,
Email: cdhowe@cdhowe.org


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