Canadian Bankers Association
Definition
- A professional industry association that provides information, research, advocacy, education and operational support services primarily to the banking industry.
Website
http://www.cba.ca
Relevant Locations
Canada
Established Year
1891
Notes
One of Canada's oldest business associations.
Acronyms
CBA
Alternate Spellings
Canada Bankers Association
Related Terms and Acronyms
- Bank — Definition,
- An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
- Chartered Banks — Definition,
- Financial institutions regulated under the Bank Act. Chartered banks are designated as Schedule I or Schedule II depending on their ownership.
- Institute of Canadian Bankers — Company,
- An institute that provides education and training programs specific to professionals in the financial-service industry
- International Banking — Definition,
- The operation of bank branches and subsidiaries located outside Canada. This area of banking also includes the supervision of correspondent banking relationships, foreign exchange trading, and trade finance.
- Investment Banking (IBK) — Acronym,
- Bank operations that manage a bank's funding position, as well as its holdings of Treasury bills, bonds and preferred and common stock.
- Retail Banking — Definition,
- Banking services offered to individual customers such as savings accounts, personal loans, cheque cashing, and RRSPs.
- Schedule I Banks — Definition,
- A designation in the Bank Act that refers to Canadian-owned banks that are widely held, i.e., ones in which no one owner holds more than 10% of shares.
- Schedule II Banks — Definition,
- A designation in the Bank Act that refers to foreign-owned banks and closely held Canadian banks, i.e., banks in which an owner may hold more than 10% of outstanding stock.
- Schedule III Banks — Definition,
- Foreign banks not incorporated under the bank act that are allowed to conduct business in Canada.
