The Canadian Press

1999-06-25 | Martin-Banks

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On June 25, the federal government proposed major changes to the way Canada's banks, trust and insurance companies are regulated. Part of the proposed changes would allow individual shareholders to own 20 per cent of a major Canadian bank, up from the current 10 per cent. But Finance Minister Paul Martin said banks wanting to merge in the future would have to prove the marriage is in the public interest.

Date: 1999-06-25
Placeline: Ottawa, ON, Canada
Source: The Canadian Press
Length: 9 seconds

Transcript Prediction: << merger proponents will be required to produce public interest impact assessments at the house of Commons standing committee on finance will be asked to review >>

Clip ID: 19990625CPCN001