In the News

Last modified: 26 January 2012

Below you'll find a selection of recent media coverage of the CBA and our industry. All articles appear in the language in which they were published.

To read media releases issued by the CBA, please see News Releases.

2012
January 2012	Packet & Times: "Letter to the Editor in response to 'Banks have lost the personal touch'" In this letter to the editor, CBA president, Terry Campbell addresses the issue of banks in the community and adapting to the changing needs of their customers at branches.
January 2012	Business News Network: "Canadian Banks" CBA president, Terry Campbell, explains how U.S. Volcker Rule will squeeze liquidity from the Canadian bond market.
January 2012	National Post: "Broad push against U.S. rules: Behind the scenes" CBA president, Terry Campbell, supports industry regulator, OFSI, in raising concern over U.S. Volcker Rule.
January 2012	Reuters: "Regulator, banks take aim at U.S. Volcker rule" CBA expresses concerns about U.S. Volcker Rule.

2011
December 2011	Calgary Herald: "Reasons for one regulator" In this letter to the editor, Terry Campbell weighs in on why Canada needs a national securities regulator.
December 2011	Brockville Recorder and Times: "Letter to the Editor in response to 'Canadian banks received bailout from taxpayers'" In this letter to the editor of the Brockville Recorder and Times, CBA President Terry Campbell refutes the claim that Canadian banks received a government bailout during the recent international financial crisis.
December 2011	National Post: "Win-win situation" In this letter to the editor, CBA President Terry Campbell explains how Pooled Retirement Pension Plans (PRPPs) will benefit Canadians who currently do not have access to a workplace pension.
November 2011	Canadian Press: "Economists tell Ottawa to bring fiscal house in order, but plan for worst" Coverage of the remarks made by five chief bank economists on November 29 regarding the state of the domestic and global economies at a luncheon hosted by the CBA.
November 2011	Vancouver Sun: "Occupy Vancouver protesters should give big thank you to banks" In this column, the Vancouver Sun's Editorial Board Editor Fazil Mihlar highlights the contributions that banks make to our local communities and to country's economy.
October 2011	Le Devoir: "Les banquiers canadiens s'inquiètent des conséquences des nouvelles règles" Following a Montreal speech given by CBA President Terry Campbell, this article reports that banks are facing global economic uncertainty, revised accounting standards and new international banking regulations. It is important that these new regulations are implemented consistently on the international stage.
October 2011	Toronto Star: "Letter to the Editor in response to 'PM, Flaherty less than honest on bailout'" In this letter to the editor of the Toronto Star, CBA President Terry Campbell refutes the claim that Canadian banks received a government bailout during the recent international financial crisis.
October 2011	Investment Executive: "Canadian banks need to be more vigilant" In this letter to the editor, CBA President Terry Campbell explains that one of the factors that helped Canadian banks remained strong during the recent financial crisis was because they are well diversified.
October 2011	Financial Post: "The Real Costs of That Card in Your Wallet" In this letter to the editor, CBA President Terry Campbell outlines the many benefits to retailers of accepting credit cards and that it is important that consumers can use the credit card of their choice.
September 2011	Collection of CBLEA Media Coverage A package of media coverage about the 2011 winners of the Canadian Bank Law Enforcement Award (CBLEA). The CBLEAs are presented each year to members of law enforcement who have gone above and beyond the call of duty in investigating crime against Canada's banks.
September 2011	CTV: "US Targeting Tax-Evading Citizens" CBA president and CEO, Terry Campbell, is quoted in a CTV National News story about U.S. tax legislation which will potentially impact Canadian banks and their customers." The transcript and video are both available.
September 2011	National Post: "Our banks: champions of prudence" With the backdrop of global economic uncertainty, stock market volatility and European debt risks, CBA president and CEO Terry Campbell explains why Canadians should still be confident in the country's banking system.
August 2011	Le Journal de Montreal: "Les intouchables" In this letter to the editor, CBA President and CEO Terry Campbell refutes the mistaken impression that Canadian banks operating in the U.S. received bailouts from the U.S. government during the recent economic crisis.
June 2011	Financial Times: "Banks battle over US tax law" In a front page article appearing in the UK's Financial Times, CBA President and CEO, Terry Campbell, speaks about industry concerns with the US Foreign Account Tax Compliance Act, which is scheduled to come into effect in 2013.
June 2011	iPolitics: "Canadian Bankers Association: Helping to support economic recovery" In a pre-budget op-ed submitted to iPolitics.ca, CBA President and CEO, Terry Campbell, lays out some of the domestic and global regulatory challenges facing Canada's banking industry.
May 2011	Globe and Mail: "U.S. plan to hunt tax cheats picks poor targets abroad" The Globe and Mail's Barrie McKenna examines how a U.S. plan to catch American tax cheats abroad may negatively affect Canadian banks.
May 2011	National Post: "Endless bank regs risk overshooting" In an op-ed printed in the National Post, CBA president and CEO, Terry Campbell, highlights some of the domestic and global regulatory challenges currently facing the Canadian banking industry.
May 2011	National Post: "Banks push back against provinces" This coverage of President and CEO, Terry Campbell's first speech reports on Mr. Campbell's remarks regarding the need to maintain federal regulatory jurisidication over banking.
May 2011	Dow Jones: "Canadian Bankers Group CEO: SIFI Designation Could Increase Moral Hazard" President and CEO Terry Campbell's remarks about the dangers of designating banks as systemically important financial institutions are reported in this newswire article.
May 2011	Bloomberg: "Canadian Lenders ‘Cannot Coast’ on Success, Bank Group CEO Campbell Says" This coverage of President and CEO, Terry Campbell's May 2011 speech reports on Mr. Campbell's remarks regarding global regulatory reform for the banking sector.
May 2011	L'expert: "Securities Showdown" An article in the legal newspaper L'expert takes an in-depth look at the federal government's push to create a single, Canadian Securities Regulator. The piece contains quotes from the CBA's General Counsel, Nathalie Clark.
May 2011	The Hill Times: "Canadian Bankers Association supports government's move towards a single securities regulator" In a wide ranging interview with the Hill Times, CBA President and CEO Terry Campbell talks about upcoming Bank Act review, the push for a National Securities Regulator and other issues facing the country's banking sector.
April 2011	Maclean's: "Letter: Help the aged" In a letter to Maclean's Magazine, CBA president and CEO, Terry Campbell, refutes claims that the banking industry does not do enough to prevent the financial abuse of seniors. Banks have information for seniors and policies to protect them, but are also limited in what they can report because of privacy laws.
April 2011	Globe and Mail: "Today's lesson: Budgeting smarts start at home" In a Globe and Mail piece, personal finance columnist Rob Carrick, gives his impressions of YourMoney, the CBA's financial literacy program for high school students.
March 2011	iPolitics: "Stay competitive, create jobs, strengthen the economy" In advance of the 2011 federal budget, CBA President and CEO, Terry Campbell, outlines the banking industry's priorities for the coming year in an op-ed published by iPolitics.ca.
February 2011	National Post: "Letter to the Editor in response to 'Read between the literacy lines'" In a letter to the National Post, CBA president and CEO, Nancy Hughes Anthony, refutes claims that the banking industry does not have a genuine interest in financial literacy and points out that a strong national economy is built on the foundation of a financial literate population.
January 2011	Financial Post: “CMHC Hazard” A letter to the editor regarding a story about bank lending practices when granting mortgages that are CMHC-insured.
January 2011	Financial Post: "Letter to the Editor in response to 'And you thought credit cards were risky'" In a letter to the Financial Post, CBA President and CEO, Nancy Hughes Anthony, refutes claims that debit fraud victims have their bank accounts frozen for weeks at a time and also points out that fraud victims are never held financial liable for losses.

2010
December 2010	Welland Tribune: “Help the poor, not banks – NDP leader” A letter to the editor to set record straight that competitive corporate tax rates benefit businesses both large and small and that banks are significant contributors to charities and not-for-profit community groups.
December 2010	La Presse: "À la rédaction – Au sujet de l’article ‘Analphabètes de l’argent’" In response to a column which appeared in La Presse, Jacques Hebert, Directeur, Direction du Québec, Association des banquiers canadiens, wrote to clarify that banks are responsible lenders and that Canadians are responsible borrowers (available in French only)
September 2010	National Post: "Letter to the Editor in response to "Banks hold the most cards in the housing game"" President Nancy Hughes Anthony wrote to the National Post to correct the notion that there is no competition in the mortgage market.
July 2010	Sault Star: "CBA Letter to the editor in response to 'Chip payoff hasn’t come; Credit-card security hike should have yielded interest-rate decrease: Group'" In a letter to the editor, published in the Sault Star, Belleville Intelligencer, Barrie Examiner Brockville Recorder & Times, Calgary Sun, Edmonton Sun, Kingston Whig-Standard, and Peterborough Examiner, the CBA’s Vice-President of Operations, Nancy Fung, refutes claims that credit card fraud has been ‘almost eliminated’ and highlights the wide range of factors that contribute to the cost of running a convenient, safe and efficient credit card system.
June 2010	Report on Business Magazine: "Letter to the Editor in response to "Unfit to be Tied"" This letter sent to the Report on Business Magazine corrects a string of misinformation about banks and insurance.
June 2010	Halifax Chronicle Herald: "Letter to the Editor in response to "Not a Bailout"" In this letter to the editor, published in the Halifax Chronicle and the Winnipeg Free Press, President Nancy Hughes Anthony refutes claims of bank bailouts and highlights the contributions that banks have made to the economy.
June 2010	Toronto Star: "CBA Letter to the editor" A letter to set the record straight about the highly regulated banking industry and the important contributions that banks make to Canada.
June 2010	Mint: "Banking lessons from Canada" An article appearing in Mint, one of India's premier business newspapers, examines the lessons that can be learned from the Canadian banking system, which largely avoided the global financial crisis.
May 2010	Vancouver Sun: "CBA Letter to the editor" In this letter to the Vancouver Sun, President Nancy Hughes Anthony explains why bank bailouts in Canada re pure fiction.
May 2010	National Post: "CBA Letter to the editor in response to 'National Regulation: A Federal Travesty'" A letter in response to a critical opinion editorial regarding the proposed national securities regulator.
May 2010	The Western Producer: "Banks enthusiastic about next generation of farmers" An article in the Western Producer looks at how banks are adapting to meet changing needs of Canada's agriculture industry.
May 2010	St. John's Telegram: "CBA letter to the editor in response to 'Helping the banks not the way to go'" A letter to the St. John's Telegram explaining the banking industry’s recommendations to improve the retirement savings system in Canada.
May 2010	Globe And Mail: "Say no to a global bank tax" In a letter to the Globe and Mail, CBA President and CEO, Nancy Hughes Anthony, explains why a global bank tax is not a suitable substitute for effective bank regulation.
April 2010	National Post: "Banks look at a firm's risk, not its size" In an op-ed printed in the National Post, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the financing and services that banks provide to small- and medium-sized enterprises across the country.
February 2010	Toronto Star: "CBA Letter to the Editor regarding 'Banking reforms not for Canada?'" In response to an editorial which appeared in the Toronto Star, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the strengths of the Canadian banking system and explains why banking reforms being considered in the U.S. are not needed here in Canada.
February 2010	Metro Montreal: "À la rédaction – Au sujet de l’article 'Banques à charges'" In response to a column which appeared in Metro Montreal, Jacques Hebert, Directeur, Direction du Québec, Association des banquiers canadiens, refutes claims of taxpayer funded bank bailouts in Canada and highlights banks' contributions to the economy. (available in French only)

2009
September 2009	National Post: "Canadian banks remain strong" In a letter to the National Post, CBA president and CEO, Nancy Hughes Anthony, refutes false claims made about Canada's banking system and points out that banks in Canada have remained profitable and stable throughout the global economic recession, which has served the country well.
August 2009	Winnipeg Free Press: "Well-regulated, well-managed Canadian banks overshadow freewheeling U.S colleagues" An article form the Winnipeg Free Press explains that while banks outside Canada continue to struggle, Canada's banks are well positioned to take advantage of the mess that has been left behind.
August 2009	The Belleville Intelligencer: "Consumers have plenty of choice on banking fees" In a letter to the editor, the CBA explains the rationale behind bank fees and how their proceeds are used to pay taxes and support a network of more than 6,000 branches and over 17,000 ATMs across Canada.
May 2009	Trends-Tendances: "L'Heure de gloire des banquiers canadiens" Sébastien Buron takes a closer look at the contributing factors which made the Canadian banking system one of the most solid and one of the most admired internationally at the moment. (available in French only)
May 2009	National Post: "Canada's moment" Colby Cosh examines if the “principles-based” approach to financial regulation that has helped Canadian banks weather the global financial crisis, could be adopted in the United States, given the innate cultural differences between the two countries.
May 2009	Le Figaro: "Le secteur bancaire canadien se vante d'être l'un des plus solides au monde" Special correspondent, Anne Cheyvialle, examines how the Canadian banking industry has resisted the worldwide economic crisis and is now considered one of the most stable by the World Economic Forum, thanks to prudent management and very strict regulation.(available in French only)
May 2009	Wall Street Journal: "Regulation Didn't Save Canada's Banks" Senior fellow at the Hudson Institute, Marie -Josée Kravis, compares the Canadian and US financial systems and highlights the strengths of the Canada’s system.
April 2009	LCI (France): "Canada’s sound financial system" An economic affairs program on LCI, France’s all news network, looks at the Canadian financial system and examines the different factors which have helped Canada’s banks avoid some of the serious challenges facing financial institutions in other countries. (available in French only)
April 2009	CBC News: "Pandora's Box of credit card fee issues has been opened" In his Money Talks business column, Michael Hlinka points out that short-sighted regulation of the credit card industry could lead to unforeseen, negative consequences for consumers.
April 2009	Brookings Institute: "Know Thy Neighbor: What Canada Can Tell Us About Financial Regulation" In an online article, the Brookings Institute argues that policy-makers in the Obama administration could look to the Canadian banking system as a model of best practices as they begin to design a new regulatory architecture for the American financial system.
April 2009	CBS News: "Canadian Banks, Eh?" In a video segment from CBS News’ Weekend Journal, Jeff Glor examines the successful Canadian banking industry, which has prospered despite an ongoing worldwide economic crisis.
April 2009	Cape Breton Post: "Federal purchase of mortgages not a taxpayer bailout" In a letter to the editor, CBA President and CEO, Nancy Hughes Anthony, responds to inaccuracies of an earlier letter which he wrongly asserts that Canadian banks have received a government bailout.
March 2009	Vancouver Sun: "Canada's strong banking sector helps weather the storm" In an opinion editorial appearing in the Vancouver Sun, Nancy Hughes Anthony, President and CEO of the Canadian Bankers Association, highlights the central role Canadian banks play in the country's economy and explains how our sound banking system sets a strong example for banks around the world.
March 2009	Ottawa Citizen: "Banks helping to cope with recession" In a letter to the editor, CBA President and CEO, Nancy Hughes Anthony, responds to inaccuracies of an earlier letter submitted by Duff Conacher, in which he wrongly asserts that Canadian banks have received government subsidies.
February 2009	New York Times: "The Great Solvent North" A guest column by Theresa Tedesco highlights how Canada’s “stodgy” banking practices have helped make the country’s banks and its financial system the envy of the world.
February 2009	Globe and Mail: "Banking on banks" In a letter to the editor of the Globe and Mail, CBA president and CEO, Nancy Hughes Anthony, defends the role of banks as lenders and cites Bank of Canada data showing that banks have increased credit to businesses.
February 2009	Newsweek: "Worthwhile Canadian Initiative" CNN host and Newsweek Editor, Fareed Zakaria examines how, in the midst of a global financial meltdown, Canadian banks remain well capitalized and poised to take advantage of opportunities that American and European banks cannot seize.
January 2009	Toronto Star: "Lending on the increase, bankers association says" In a letter to the editor CBA President Nancy Hughes Anthony responds to a Toronto Star article and explains that bank lending has increased year over year and that banks are continuing to lend.

2008
November 2008	Financial Times: "Canada's 'boring' financial tips for the world" An op-ed by the Honourable Jim Flaherty, Minister of Finance, appeared in London’s Financial Times and was re-printed in the National Post. In the piece, Minister Flaherty highlights Canada’s strong financial system and outlines Canada’s five-point plan to restore stability to the international financial system.
October 2008	Washington Post: "Worldwide Financial Crisis Largely Bypasses Canada" The Washington Post examines how tighter regulations and stricter lending practices have helped Canadian banks avoid the sub-prime mortgage crisis that has caused so much damage to the American banking system.
August 2008	"Banks are in favour of national Do Not Call list" The CBA’s letter was published in the Vancouver Sun, Toronto Star, and Regina Leader-Post.
July 2008	National Post: "Create One Regulator, Bankers Say" CBA President Nancy Hughes Anthony was interviewed about the CBA's recommendation to establish a single securities regulator for Canada. The article, by Barbara Shecter, was published in the National Post.
June 2008	Lettre de l’ABC au rédacteur en chef, sur les banques et la fiscalité touchant les filiales étrangères. Lettre en réponse à un article portant sur une étude menée par l'Université du Québec à Montréal sur les banques canadiennes et la fiscalité. La lettre de l'ABC a été publiée dans Le Soleil.
April 2008	The Hill Times: "Passage of Identity Theft Legislation an Important Consumer Protection Issue," by Nancy Hughes Anthony, CBA President This opinion editorial about Bill C-27, an Act to amend the Criminal Code to recognize identity theft as a crime in Canada, was published in The Hill Times. Reprinted with permission.
April 2008	"CBA Letter to the Editor on the safety and security of online banking," by Nancy Hughes Anthony A letter in response to an article that appeared in several papers across the country about online banking and the security guarantees that most banks have in place. The letter has been published in the Winnipeg Free Press, Vancouver Sun, Edmonton Journal and Nanaimo Daily News.
March 2008	Vancouver Sun: "Bank bashing as unfair a sport as it is popular" A column by Vancouver Sun editorial page editor Fazil Mihlar.
March 2008	National Post: "Banks have been good to SMEs," by Nancy Hughes Anthony A letter in response to an article about the banks' provision of financing and other services to small and medium- sized businesses (SMEs) published in the National Post.
March 2008	Toronto Sun: "CBA Letter to the Editor regarding interest rates on credit cards," by Nancy Hughes Anthony A letter in response to an article about the impact of recent interest rate cuts on consumers published in the Toronto Sun.
February 2008	National Post: "Will OSC Kill Regulatory Overkill?" by Terence Corcoran A column about new proposed regulations (Canadian Securities Administrators National Instrument 31-103) regarding registration requirements under Canadian securities law.
February 2008	Investment Executive: "Banks, credit unions put women in top spots," by Rudy Mezzetta CBA President Nancy Hughes Anthony was interviewed for this story on employment of women in the banking industry.
January 2008	"CBA Letter to the Editor regarding competition in the financial services sector," by Nancy Hughes Anthony A letter in response to recent coverage in the National Post about large bank mergers and competition in the sector.

2007
October 2007	Globe and Mail: "Time to stop talking and create a single regulator" An opinion editorial by CBA President Nancy Hughes Anthony, published in The Globe and Mail.

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