| Issue: | 2020 №3 (71) |
| Section: | Finances |
| UDK: | 336/711-043/86(73)+347/734 |
| DOI: | https://doi.org/10.33271/ebdut/71.059 |
| Article language: | Ukrainian |
| Pages: | 59-66 |
| Title: | Evolution of the canadian banking system and features of its regulation at different stages of economic reform |
| Author: | Korol M. M., Uzhhorod National University |
| Annotation: | Methods. The methodological basis of the research is based on the works of leading foreign scientists as well as information materials of international financial institutions. The results are obtained through the use of methods: analysis – for a more detailed study of the evolution of the Canadian banking system at various stages of economic reform; system approach – to establish the impact of legal regulation on the functioning of the Canadian banking system. Results. The article analyzes the evolution and history of the development of the Canadian banking system at various stages of economic reform. The prerequisites for the creation of Canadian banks are characterized. The number of banks at various stages of the formation of the Canadian economy is analyzed. The specific features of opening commercial banks in Canada are established. The features of the functioning of the Canadian banking system are investigated. The main features of the consolidation of Canadian banks are characterized, and examples of the activities of the largest banks that took part in the consolidation of banks in Canada are given. The article analyzes the laws that were adopted in the process of opening and consolidating banks in Canada and identifies the features of their application in the Canadian banking system. The features of institutional legal regulation of the banking system of Canada are investigated. The chronology of the formation of banking regulation in Canada is created. Novelty. A comprehensive analysis of the evolution of the Canadian banking system at various stages of economic reform is carried out and the features of its institutional and legal regulation are outlined. Practical value. The results obtained in the course of the study can be used for effective regulation and supervision of the banking system of various countries from the point of view of not only the reliability of individual financial institutions, but also the stability of the financial system as a whole. |
| Keywords: | Financial globalization, Canadian banking system, Commercial banks, Consolidation, Multinational banks of Canada, Canadian Deposit Insurance Corporation, Regulation of the Canadian banking system |
| File of the article: | EV20203_059-066.pdf |
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