29-42 Bank Act S.C. 1991, c. 46

Summary

The Act has 3 main goals: protecting depositors' funds; insuring the maintenance of cash reserves (see Monetary Policy); and promoting the efficiency of the financial system through competition.

Thumbnail image for The Act has 3 main goals: protecting depositors' funds; insuring the maintenance of cash reserves (see Monetary Policy); and promoting the efficiency of the financial system through competition.

Issuer

Canada

Year

1991

Region

North America

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Agriculture, Forestry, Fishing & Hunting
Retail trade
Transportation & Warehousing

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 10: Reduced Inequality

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