€ the canadian chartered banks are the largest financial intermediaries in the country. they are designated as schedule i, schedule ii or schedule iii banks. each designation has different rules and regulations regarding ownership levels and the types of services that can be offered. most canadian-owned banks are designated as schedule i banks. they are the dominant competitors in the industry both in terms of the wide-ranging services offered and their overall asset base. schedule ii banks are incorporated and operate in canada as federally regulated foreign bank subsidiaries. these banks can engage in all the types of business that are permitted to schedule i banks. schedule iii banks are federally regulated foreign bank branches of foreign institutions. most operate as full-service branches able to accept deposits, though some are merely lending branches.
Answer Anonymously
Copy Link
