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Financial Institutions
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Advancing Competition, Affordability and Innovation in CDN Banking
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Policies or Program
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Financial Institutions
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Bank Act & Regulations, with respect to consumer protection framework.
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Regulation
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Financial Institutions
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Capital Adequacy Requirements Guideline & Leverage Requirements Guideline, with respect to limits for covered bonds issues.
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Regulation
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Financial Institutions
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Fintech and Competition
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Policies or Program
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Consumer Issues, Financial Institutions
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geared towards Open Banking/Consumer Driven Finance increasing competition in the market, and to improve efficiency in implementing changes.
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Policies or Program
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Financial Institutions
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Prepaid card rules and legislative harmonization
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Legislative Proposal, Bill or Resolution
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Equitable Bank is a Schedule I Bank regulated by the Office of the Superintendent of Financial Institutions Canada (“OSFI”) with total Assets Under Management of approximately $32 billion. It serves retail and commercial customers across Canada with a range of savings solutions and mortgage lending products, offered under the Equitable Bank and EQ Bank brands. Measured by assets, Equitable Bank is the ninth largest independent Schedule I Bank in Canada. Currently, Equitable Bank provides mortgage loans to a wide range of customers that includes business-for-self borrowers, newcomers to Canada and commercial real estate investors. The Bank also provides Canadians with various saving options that offer security and attractive interest rates, including Guaranteed Investment Certificates (“GIC”s), High Interest Savings Accounts (“HISA”s), and deposit notes. We generally serve these customers through our extensive partnerships with Canada’s mortgage brokers, mortgage bankers, deposit agents, investment dealers, and financial planners who provide independent professional advice to their clients.
Chadwick Westlake, President and Chief Executive Officer
Address:
25 Ontario Street, Suite 2200
Toronto, ON M5A 0Y9
Canada
Telephone number:
416-515-7000