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:
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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 ...
- 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.
- 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 ...
- 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 ...