Finance committee  In recent years, there are cooperatives that have become rather sizeable in their own provinces. They are, in a way, too big for their provinces, or in other words...

Finance committee  As I explained before, each institution can choose its own name. It can choose the word "bank" or the term "cooperative". One thing is clear, however. If the institution uses the word "cooperative", it has to add the word "federal" so there is a clear distinction between provinci

Finance committee  No idea.

Finance committee  We've had many conversations on this issue with various stakeholders. Some stakeholders feel very strongly that they do want to use the term “bank”; others feel very strongly that they do not. The legislation has provided for flexibility. The only criterion that is in legislati

Finance committee  I think there are a few answers to give. First, all these financial institutions exist today, as you explained. But some are under federal government responsibility, while others are under provincial responsibility. Now, we are creating a model that would give cooperative instit

Finance committee  No, a choice has to be made between federal regulation and provincial regulation. There has to be approval from the province to become a federal institution.

Finance committee  There was a discussion 10 years ago with the Proponent Group, a group of large cooperatives that would like there to be a federal model as proposed in Bill C-9. As well, we received a request for support from the Credit Union Central of Canada, which would like there to be a fede