The Government proposes to implement a “bail-in” regime for systemically important banks. This regime will be designed to ensure that, in the unlikely event that a systemically important bank depletes its capital, the bank can be recapitalized and returned to viability through the very rapid conversion of certain bank liabilities into regulatory capital. This will reduce risks for taxpayers. The Government will consult stakeholders on how best to implement a bail-in regime in Canada. Implementation timelines will allow for a smooth transition for affected institutions, investors and other market participants.
Systemically important banks will continue to be subject to existing risk management requirements, including enhanced supervision and recovery and resolution plans.
source - http://www.budget.gc.ca/2013/doc/plan/chap3-2-eng.html (once on the page hold ctrl f , then type bail to find it quickly)
Al Gore reports live from his secret lair, Hockey Night in Canada returns with 60th season, Ice traps a pod of killer whales in Hudson Bay, local shoots polar bear looking for an easy lunch, Al Jazeera and the Carbon Pirates strike again, earth day 2013, Wind turbine company Nextera & MNR destroy Bald Eagle Nest to make way for wind turbines, Being fat now could cost you your benefits and pay if you live in England, yes it’s the fat police. Does Idle No More suffer from the same co intel controlled opposition that all the activist movements suffer from?
This and more on this episode of Canada Live.
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Canada Live joins the IPCC at the Chicago Carbon Exchange Christmas Party with the Sustainability Index folks from Wall st.
Also Canada enters the Trans Pacific Partnership, the effects of Globalism and the B.C. mining debacle.
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Links to some of the articles discussed on this show-
Chinese miners allowed to come to B.C., judge rules
Contempt of court alleged against federal minister
Canadian Cattleman’s Association Trans Pacific Partnership statement
Polar bear expert barred by global warmists
Being Fat Is Officially Illegal In Japan
China Wins Bid For Detroit Car Battery Maker
The Green Police shut down Toronto community garden, Canada and U.S. Department of Homeland Security launch project to strengthen border security , Woman gets $81 ticket for parking car with windows down in BC , Justin Trudeau – just another Globalist minion , Canada’s debt and deficit , Environmental Extremism Extravaganza and the Cheese Mafia?
tune in live Sundays 1-3 pm est at oriontalkradio.com
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