Canadian Bankers Association
Encyclopedia
The Canadian Bankers Association (CBA) is a financial lobbying group
that works on behalf of 52 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 267,000 employees. The CBA was organized in Montreal in 1891, making it one of Canada’s oldest interest groups.
The CBA works on public policy issues related to the banking system in Canada. The CBA is also a leading source of information and statistics about banks operating in Canada and the country's national banking system, which has been named the world’s soundest by the World Economic Forum
for three consecutive years.
The CBA is registered as a lobbying group at both the federal and provincial levels.
The CBA operates out of offices in Toronto
, Ottawa
and Montreal
.
Mr. Campbell joined the CBA in 1997 and most recently held the position of Vice President, Policy. In this role, he was responsible for supporting the banking industry’s policy development and advocacy activities regarding federal financial services legislation reform, policy and legislation affecting banks as employers, international trade policy, and a range of regulatory issues at the provincial level.
Prior to joining the CBA, Mr. Campbell had a sixteen year career in the Ontario public service, including serving at the director level with responsibility for policy related to provincially-regulated financial services.
Mr. Campbell graduated with a Master’s degree in History from Queen's University and completed his undergraduate work at the University of Toronto. He has served on the Guelph Museums Board of Management and the Board of the Deposit Insurance Corporation of Ontario. He is active in mentoring programs for recent immigrants to Canada.
Mr. Levesque has more than 25 years of banking experience. Since joining National Bank in 1988, Levesque has held a number of key positions and was responsible for a branch network and a commercial banking centre, and for developing a commercial loan and deposit portfolio.
Mr. Levesque holds a Bachelor of Commerce degree from McGill University and an MBA from the Universite du Quebec a Montreal. He is also a Fellow at the Institute of Canadian Bankers.
Through the CBA’s website, consumers can learn basic banking information such as opening a bank account, choosing the right account and understanding credit. The CBA also provides an overview of various banking products like Tax Free Savings Accounts, RRSPs and mortgages.
The CBA also provides information to the public about their rights and responsibilities while conducting banking transactions. Consumers can find information about codes of conduct, selling practices and customer privacy through the CBA’s website.
Developed in partnership with the Financial Consumer Agency of Canada
in 2000, the ‘’YourMoney’’ program has reached over 200,000 students across Canada.
Since 1972, the CBA has honoured 221 police officers. Winners have demonstrated exceptional bravery and resourcefulness, and have undertaken unique and complicated investigations.
Lobbying
Lobbying is the act of attempting to influence decisions made by officials in the government, most often legislators or members of regulatory agencies. Lobbying is done by various people or groups, from private-sector individuals or corporations, fellow legislators or government officials, or...
that works on behalf of 52 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 267,000 employees. The CBA was organized in Montreal in 1891, making it one of Canada’s oldest interest groups.
The CBA works on public policy issues related to the banking system in Canada. The CBA is also a leading source of information and statistics about banks operating in Canada and the country's national banking system, which has been named the world’s soundest by the World Economic Forum
World Economic Forum
The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....
for three consecutive years.
The CBA is registered as a lobbying group at both the federal and provincial levels.
The CBA operates out of offices in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, Ottawa
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
and Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
.
Terry Campbell
Terry Campbell is President and Chief Executive Officer of the Canadian Bankers Association. In this capacity, he is the principal spokesperson for the banking industry in Canada and communicates the perspectives of the industry to all levels of government, regulators, international bodies, media and the Canadian public. He also ensures that the CBA plays a leadership role in the development of sound public policy on financial services. He is also a member of the Board of Directors of the International Banking Federation (IBFed), a forum that addresses issues affecting banking around the world.Mr. Campbell joined the CBA in 1997 and most recently held the position of Vice President, Policy. In this role, he was responsible for supporting the banking industry’s policy development and advocacy activities regarding federal financial services legislation reform, policy and legislation affecting banks as employers, international trade policy, and a range of regulatory issues at the provincial level.
Prior to joining the CBA, Mr. Campbell had a sixteen year career in the Ontario public service, including serving at the director level with responsibility for policy related to provincially-regulated financial services.
Mr. Campbell graduated with a Master’s degree in History from Queen's University and completed his undergraduate work at the University of Toronto. He has served on the Guelph Museums Board of Management and the Board of the Deposit Insurance Corporation of Ontario. He is active in mentoring programs for recent immigrants to Canada.
Rejean Levesque
Rejean Levesque is Chair of the CBA’s Executive Council and Executive Vice-President, Retail and Commercial Banking at National Bank.Mr. Levesque has more than 25 years of banking experience. Since joining National Bank in 1988, Levesque has held a number of key positions and was responsible for a branch network and a commercial banking centre, and for developing a commercial loan and deposit portfolio.
Mr. Levesque holds a Bachelor of Commerce degree from McGill University and an MBA from the Universite du Quebec a Montreal. He is also a Fellow at the Institute of Canadian Bankers.
Consumer Information
The CBA provides information to the public about banking policies, saving and investing, and fraud prevention.Through the CBA’s website, consumers can learn basic banking information such as opening a bank account, choosing the right account and understanding credit. The CBA also provides an overview of various banking products like Tax Free Savings Accounts, RRSPs and mortgages.
The CBA also provides information to the public about their rights and responsibilities while conducting banking transactions. Consumers can find information about codes of conduct, selling practices and customer privacy through the CBA’s website.
Fraud Prevention
Canada’s banks take the issue of financial fraud seriously. In order to help make fraud prevention a habit throughout the year, the CBA, on behalf of Canada’s banks, has developed a series of Fraud Prevention Tips that cover current and emerging fraud schemes like phishing, identity theft and debit card fraud.Financial Literacy
‘’YourMoney’’ is the CBA’s financial literacy resource for youth. Every year bankers from CBA member institutions volunteer to visit classrooms across Canada to present a seminar that covers topics such as budgeting, saving, investing, borrowing and fraud prevention. The YourMoney website also provides resources for parents to teach their kids financial literacy at home.Developed in partnership with the Financial Consumer Agency of Canada
Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada is an independent government agency of the Government of Canada. FCAC provides consumer information and oversees financial institutions to ensure that they comply with federal consumer protection measures. Created in 2001, the Agency investigates cases of...
in 2000, the ‘’YourMoney’’ program has reached over 200,000 students across Canada.
Canadian Banks’ Law Enforcement Award
Canadian banks work closely with law enforcement in order to prevent and investigate crimes against financial institutions. Every year, the CBA honours outstanding Canadian police officers who have gone above and beyond the call of duty to protect Canada’s banks and their employees against financial crime.Since 1972, the CBA has honoured 221 police officers. Winners have demonstrated exceptional bravery and resourcefulness, and have undertaken unique and complicated investigations.
Membership
The CBA currently has 52 members from domestic, foreign bank subsidiaries and foreign bank branches operating in Canada. Current CBA members are:Schedule I Banks
Schedule I Banks are domestic banks and are authorized under the Bank Act to accept deposits, which may be eligible for insurance provided by the CDIC.- Bank of MontrealBank of MontrealThe Bank of Montreal , , or BMO Financial Group, is the fourth largest bank in Canada by deposits. The Bank of Montreal was founded on June 23, 1817 by John Richardson and eight merchants in a rented house in Montreal, Quebec. On May 19, 1817 the Articles of Association were adopted, making it...
- Bridgewater BankBridgewater BankBridgewater Bank is a Canadian Schedule I chartered bank, with its headquarters located in Calgary, Alberta, Canada. Wholly owned by the Alberta Motor Association , the bank offers mortgages, guaranteed investment certificates and is a MasterCard provider to members of the Canadian Automobile...
- CIBC
- Canadian Tire Bank
- Canadian Western BankCanadian Western BankThe Canadian Western Bank is a bank that is based in Edmonton, and which operates primarily in western Canada. The bank serves personal and commercial clients in Western Canada.-History:...
- Citizens Bank of CanadaCitizens Bank of CanadaCitizens Bank of Canada is a British Columbia, Canada-based virtual bank owned by Vancouver City Credit Union . From 1997 until 2009 Citizens Bank offered personal and business banking services over the internet...
- Dundee Bank of Canada
- Laurentian Bank of CanadaLaurentian Bank of CanadaThe Laurentian Bank of Canada is a Schedule I bank in the province of Quebec. . LBC's Institution Number is 039.-History:...
- Manulife Bank of CanadaManulife Bank of CanadaThe Manulife Bank of Canada is a Schedule I federally-chartered bank and a wholly owned subsidiary of the Manufacturer’s Life Insurance Company of Canada . It was established on January 1, 1993, when Cabot Trust Company, Huronia Trust Company and the Regional Trust Company were merged by Manulife...
- National Bank of CanadaNational Bank of CanadaNational Bank of Canada is the 6th largest bank and 8th largest financial institution in Canada. The bank's headquarters are in Montreal, Quebec....
- Pacific & Western Bank of CanadaPacific & Western Bank of CanadaThe Pacific & Western Bank of Canada is a bank that was founded in Saskatoon, Saskatchewan in 1980, and now maintains its headquarters in London, Ontario. The bank is wholly owned by Pacific & Western Credit Corp. ....
- President’s Choice Bank
- RBC Financial Group
- ScotiabankScotiabankThe Bank of Nova Scotia , commonly known as Scotiabank , is the third largest bank in Canada by deposits and market capitalization. It serves some 18.6 million customers in more than 50 countries around the world and offers a broad range of products and services including personal, commercial,...
- TD Bank Financial Group
Schedule II Banks
Schedule II Banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by CDIC. Foreign bank subsidiaries are controlled by eligible foreign institutions- Amex Bank of Canada
- Bank of China (Canada)
- Bank of Tokyo – Mitsubishi UFJ (Canada)
- BNP Paribas (Canada)
- Citibank CanadaCitibank CanadaCitibank Canada is a unit of Citigroup of New York City. The Canadian unit has been operating since 1954, with Canadian headquarters in Toronto...
- Habib Canadian Bank
- HSBC Bank CanadaHSBC Bank CanadaHSBC Bank Canada, formerly the Hongkong Bank of Canada , is a bank in Canada that is part of British banking giant HSBC - one of the largest banking groups in the world. HSBC Canada is the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and is the...
- ICICI Bank CanadaICICI Bank CanadaICICI Bank Canada is a wholly owned subsidiary of ICICI Bank Limited, which has its headquarters in Mumbai, India.ICICI Bank Limited is India's largest private sector bank as measured by asset base as of December 31, 2009 and the second largest bank in the country with consolidated total assets of...
- Industiral and Commercial Bank of China (Canada)
- ING Bank of Canada
- J.P. Morgan Bank Canada
- Korea Exchange Bank of Canada
- MBNA Canada Bank
- Mega International Commercial Bank (Canada)
- Societe Generale (Canada)
- State Bank of India (Canada)
- Sumitomo Mitsui Banking Corporation of Canada
- UBS Bank
- Walmart Canada Bank
Schedule III Banks
Schedule III banks are foreign bank branches of foreign institutions that have been authorized under the Bank Act to do banking business in Canada.- Bank of America, N.A (Canada Branch)
- The Bank of New York Mellon
- Barclays Bank PLC, Canada Branch
- Capital One Bank (Canada Branch)
- Citibank, N.A.
- Comerica Bank
- Deutsche Bank A.G.
- HSBC Bank USA, N.A.
- JPMorgan Chase Bank, N.A
- Maple Bank GmbH
- Mizuho Corporate Bank Ltd., Canada Branch
- Societe Generale (Canada Branch)
- The Royal Bank of Scotland, N.V.
- State Street Bank and Trust CompanyState Street Bank and Trust CompanyState Street Bank and Trust Company or simply State Street is a custodian bank organized as a Massachusetts trust company specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and...
- USB AG (Canada Branch)
- Credit Suisse, Toronto Branch
- PNC Bank Canada Branch