Procedure and House Affairs committee  I would say, Mr. Chair, that again, if you look at the business and the household context, the analogy.... Banks do lend at times to individuals in businesses who don't have much of a credit history. That poses a risk. To offset that risk, they have to do other things, so they wi

Procedure and House Affairs committee  What I was suggesting was not quite that, Mr. Chair. I was suggesting that if an institution were effectively making a contribution by writing off loans, it would effectively have to answer to the superintendent. The superintendent will always consider the steps an institution ha

Procedure and House Affairs committee  One of the things you have to remember about banks is that they are highly regulated financial institutions. We have a regulator, the Superintendent of Financial Institutions, who regularly supervises and inspects banks, and takes great care in examining the books and looking at,

Procedure and House Affairs committee  The business of banking is one in which loans are made under the expectation that they will be repaid in a reasonable period of time and that they will be profitable. We expect the loan to be repaid and we expect the administrative cost to be such that the bank can make a profit.

Procedure and House Affairs committee  As I said in my opening remarks, banks are going to make loans and consider risks under this legislation the way they consider the risks of other kinds of loans, whether they be consumer loans or business loans. They will assess risk. They will consider how they might mitigate ri

Procedure and House Affairs committee  Banks will take into account collateral. They will take into account guarantees when making the loan. Within that context, they will also have to assess the viability of the institution or the individual making the guarantee.

Procedure and House Affairs committee  Thank you, Mr. Chairman. My name is Marion Wrobel and I'm the vice-president of policy and operations at the Canadian Bankers Association. I'm joined by my colleague, Anthony Polci, the CBA's vice-president of government relations. We're pleased to be here today at the committee

Special Committee on Cooperatives committee  Yes.

Special Committee on Cooperatives committee  That would be something that would be determined by the individual institutions. I don't have those numbers at all.

Special Committee on Cooperatives committee  To rank and file? Oh, it's probably more than 50%.

Special Committee on Cooperatives committee  Well, again, the way in which individual institutions compensate their employees is a decision they make. They want to ensure they can attract top talent. They want to make sure they incent their employees to perform well—

Special Committee on Cooperatives committee  I think it's probably somewhere in that range.

Special Committee on Cooperatives committee  Yes. Again, when I'm talking credit unions, I'm including caisses populaires in Quebec—

Special Committee on Cooperatives committee  One thing we saw coming out of the global financial crisis was that the Canadian banking system is very resilient. We asked ourselves what the reasons are for that. We think that in Canada we have a combination of things. We have good policy, generally, with respect to banking.

Special Committee on Cooperatives committee  In Canadian banking it's not much higher than that.