When the American Bar Association Section of Business Law held its spring meeting in mid-April in Vancouver to discuss the legal impacts of the global financial crisis, Canada’s financial system, now being feted around the world for its resilience amid global financial turmoil, was once again in the spotlight, with the most powerful woman in Canadian banking holding centre-stage.
“I would have been surprised if the ABA had invited the Superintendent of the Office of Financial Institutions (OSFI) a year ago – that’s another indication that the relative status and stature of the Canadian financial system has been elevated, and it’s not unjustified,” remarked Jeffrey Graham, a partner with Borden Ladner Gervais in Toronto. (more…)