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| Brief Excerpt: | ...Bail-in Details Forthcoming: The Department of Finance and the Office of the Superintendent of Financial Institutions (OSFI) are expected to lay out a phase-in period for bail-in debt issuance, bail-in conversion ratios in the event of a failure, and banks' required capital cushion. The types of shares and liabilities subject to bail-in conversion will be set out in amendments to the Canada Deposit Insurance (CDIC) Act, providing clarity as to the distribution of losses. It also reduces the likelihood of taxpayer funding in the unlikely event that a domestic systemically important banks (D-SIB) requires recapitalization. Exclusions Expected: Based on the Canadian government's 2013 consultation paper, existing senior debt, secured creditors, deposits, short-term securities and bank counterparties would be excluded from bail-in. Further, the bail-in regime would establish a priority of claims, including clarifying depositors' treatment in a resolution. NVCC Already in Place: OSFI introduced... |
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| Company(ies) | Canadian Imperial Bank of Commerce
, Bank of Montreal
, The Bank of Nova Scotia
, The Toronto-Dominion Bank
, Royal Bank of Canada
, National Bank of Canada
, Scotiabank Peru S.A.A.
, TD Bank US Holding Co
, Marshall & Ilsley Corporation
, TD Bank NA/Portland
, M&I Bank FSB
, M&I Bank of Southern Wisconsin
, CIBC WORLD MARKETS LIMITED
, National Bank of Canada, New York Branch
, Scotiabank Chile SA
, Canadian Imperial Holdings Inc
, Banco Cuscatlan SV, S.A.
, Scotiabank Uruguay S.A.
, Scotiabank Inverlat, S.A., Institucion de Banca Multiple, Grupo Financiero Scotiabank Inverlat
, BMO Capital Trust Series E |
| Ticker(s) | BMO , BNS , BSC01 , CM , NA , RY , SCOTIAC1 , TD |
| Issuer | The Bank of Nova Scotia (Costa Rica), S.A. |
| Format: | | PDF |  |
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