New directions for the financial sector : executive summary / Thomas Hockin, Minister of State for Finance. : F2-74/1986-1E-PDF

"Canadian financial institutions are in a period of rapid change. Communications technology has created 24-hour global markets and has dramatically increased the importance of international capital flows in financing and saving decisions. Traditional institutional roles are being reshaped by a variety of new developments. These market trends are challenging existing financial institutions legislation designed for an earlier and less dynamic era. Global market forces have caused financial regulatory reform to become a prominent issue in many industrialized countries, including Canada. ..."--Intro.

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