Two banks. Two decisions. One useful lesson for lending executives: modernizing the machinery does not mean handing everyone the controls.
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A more predictable capital calculation is useful. Mistaking it for permission to stop asking hard risk questions is not.
Six banks exploring a common approach to digital money deserve attention. It does not justify pretending the future has already shipped.
For years the Canadian credit union system was described as fragmented, conservative, and permanently one cycle behind the chartered banks. That description is now out of date.
Two things happened in Canadian capital markets over the past five weeks that, taken together, signal a structural shift in how financial products will be created, issued, and settled in this country.