Stricter New Int’l Banking Rules Will Significantly Help Rather Than Hinder National Economies, Says BOC

Stricter new international rules for banking will substantially help rather than hinder national economies despite their higher costs, the Bank of Canada said today after extensive calculations of likely outcomes. A large net benefit for Canada, and for all major or emerging economies, is seen through a series of econometric modellings, whatever the degree of strictness of the proposed standards, the Bank said in releasing an economic impact assessment for Canada and the world. –  iMarketNews