Exchange Currency

Schedule II bank

Category of financial institutions in Canada. Formerly, this term was used to describe a subsidiary of a foreign bank. This method of categorizing banks was replaced by Bill C-8 in 2001. The term is now widely used to describe banks with less than $5 billion in equity.

Related information about Schedule II bank:
  1. Schedule II Bank Definition | Investopedia
    A Schedule II bank is a financial institution regulated by Canada's Federal Bank ... A foreign Schedule II bank can be owned by non-residents, and a Canadian ...
     
  2. What is Schedule II bank? definition and meaning
    Definition of Schedule II bank: Category of financial institutions in Canada. Formerly, this term was used to describe a subsidiary of a foreign bank. This method ...
     
  3. Schedule II Banks
    Mar 7, 2012 ... Schedule II banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance ...
     
  4. Chapter 10
    May 12, 2010 ... Any widely held foreign bank can own 100% of a Canadian bank subsidiary (that is, of a foreign Schedule II bank). Any widely held and ...
     
  5. MBNA CANADA BANK Basel II Pillar 3 Disclosures As at December ...
    Dec 31, 2008 ... The Bank is licensed to operate as a Schedule II Bank in. Canada with full powers under Canada's Bank Act (the “Bank Act”) as a foreign Bank ...
     
  6. BofA CANADA BANK Basel II Pillar 3 Disclosures As at December ...
    The Bank is licensed to operate as a Schedule II Bank in Canada with full powers under Canada's Bank Act (the “Bank Act”) as a foreign Bank subsidiary.
     
  7. ICICI Bank Canada - Wikipedia, the free encyclopedia
    2003: In November, ICICI Bank Canada was incorporated as a Schedule II bank. In December, the Head Office and the Downtown Toronto (Ontario) Branch ...
     
  8. Wells Fargo to Enter Canadian Wholesale Banking Market - WSJ.com
    Oct 10, 2012 ... 28 to operate in Canada as a Schedule II bank, a spokesman for the Office of the Superintendent of Financial Institutions, Canada's top ...