EST. 1903 - Presenting global influential leaders from business, labour, education & government through events
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The speeches are free of charge but please note that the Empire Club of Canada retains copyright. Neither the speeches themselves nor any part of their content may be used for any purpose other than personal interest or research without the explicit permission of the Empire Club of Canada.
A response to the question "Are our banks safe?" The speaker's belief that we can no longer take it for granted that Canadian banks are safe. Reasons why. The possibility of a banking collapse; examining our own banks in a more critical way than we have in the past. A detailed discussion follows, divided into an examination of several myths about banking in Canada. The first: "Honesty, Thy Name Is Banker." A brief history of some colourful bankers in Canada's history. Other myths discussed: "Canadian Banks Are As Safe As, Well, Banks; Canadian Banks Are Competitive; Canadian Banks Are Over-Regulated; the Bank Is On Your Side; Canadian Banks Are Prudent. Advantages of the Canadian banking system. The speaker's complaint not that the Canadian banking system is a bad one, but that it is not nearly as good as it thinks it is. The need for more action and less arrogance. The need to see our major institutions as they are, not as they would like us to believe they are.