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Alternative Market Briefing

AIMA Canada reports dramatic growth and prime stability in Canadian banks

Friday, September 07, 2012

By Beverly Chandler, Opalesque London:

The latest edition of the AIMA Canada Handbook reveals that assets under management in the country have enjoyed a dramatic growth from $12bn five years ago to over $30bn today.

AIMA Canada now has over 80 corporate members, including 48 hedge fund and fund of hedge fund managers. Les Marton, Head of Capital Introduction & Hedge Fund Consulting Services at Scotiabank and Alfredo D’Onofrio, Director, Prime Services Scotiabank reviewed the Canadian banking system for the handbook, describing Canadian banks as 'prime examples of stability’ as all Canadian banks remained solvent through the financial crisis.

The Canadian Bankers Association identified, in a study, four key factors for the strength of the Canadian banking system and its ability to withstand the shock of the financial crisis.

  • The banking system is diversified with well-managed institutions: a. The major investment banks are anchored by solid deposit-taking institutions b. Diversification of regional risk c. Lending decisions are on a case-by-case basis, extending credit to borrowers that can repay their loans

  • Canada’s strong regulatory system: a. Canada has two only primary regulators: the Office of the Superintendent of Financial Institutions (OSFI) for regulation and the Financial Consumer Agency of Canada (FCAC) for consumer aff......................

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