1. Canada’s Banking Industry
Rohan Appadurai
Retd. Managing Director and Head, International Banking & Mining Finance

2. Canadian Banking Industry
Cdn. Banking Industry is dominated by the Big Six (oligopoly)
Regulated by the Bank Act
Supervised by OSFI
Better Capitalized (reserves, liquidity)
Conservative Risk Appetite
Deposit taking Institutions
Better Credit ratings (access to capital)
Ownership restrictions

3. Canadian Banking Industry
2008 Financial crisis – Cdn banks performed better than a number of their US and European peers.
Contrast JPM, BoA, Citi to Goldman Sachs (Buffett), Morgan Stanley (BOTM) and Merrill Lynch (BOA)
International role of Cdn banks
TD: North American focus (Retail/Business/Cards)
RBC: Wholesale banking (Lehman/Bear Stearns)
Scotia: International – S. America (lending)
BMO: Harris & MI bank (US mid west)
CIBC: Cdn/Wealth
National: Domestic focus

4. Typical Banking Services
Retail/Wealth/Asset management/Cards/Insurance
Business Banking
Wholesale – Investment banking
Credit
Advisory (M&A)
Relationship Management
Equity
Fixed Income (DCM, Govt’s Corporates, HY)
Transaction Banking (Cash management, Correspondent Banking, Trade finance)

5. Top 18 Safest Commercial Banks: Global Finance 2014
TD Bank Group
Westpac
DBS Bank
Nordea
Oversea-Chinese Banking Corporation
Bank of Nova Scotia
Svenska Handelsbanken
United Overseas Bank
Hang Seng Bank
Rabobank
Caisse centrale Desjardins
Royal Bank of Canada
National Australia Bank
HSBC
Commonwealth Bank of Australia
Bank of Montreal
CIBC
ANZ Group