Moody's: Canadian banks' 2017 negative outlook driven by reduced government support, bail-in plans
Toronto, December 07, 2016-- The outlook for Canadian banks remains negative for 2017, and continues to be driven by the likely reduction of support from the government for systemically important domestic banks, says Moody's Investors Service in a new report. "We expect that a bank recovery and resolution framework will be formalized during 2017, which will include a bail-in of creditors of systemically important banks, so as to reduce the cost of future bank failures to the...
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