Domestic financial regulation and external borrowing

Canada’s banks rank their prudential regulator, the Office of the Superintendent of Financial Institutions  (OSFI), ahead of other regulators domestically and abroad when it comes to the relationship between the watchdog and the financial institutions, according to The Strategic Counsel, an independent research firm.

This week the Financial Times starts a series on the Future of Capitalism with A survival plan for global capitalism

It wasn’t too long ago that Canada’s largest banks pined for membership in the exclusive and powerful club of the world’s largest financial giants. Now that the 2008 financial meltdown is transforming megabanks from once-mighty emblems of national pride to international pariahs, they could well end up becoming fixtures among their global peers.

I didn't want to run over my article on the five places to watch for the next financial crisis with secondary commentary, as then, none of you would've read the underlying

By Simon Johnson

Reuters - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six "imperatives."