Traduction de «International Cooperative Bank Company » (Anglais → Français) :

Such a cooperative bank would allow the Canadian cooperative sector to obtain a better position in the financial services market because it would allow it to: first, group together the so-called banking and financial operations; second, effect economies of scale; third, better approach the national and international institutional capital markets; fourth, to diversify its portfolios both at the regional and sectoral levels; and finally, to increase its capitalization.

The types of companies affected are public limited companies, private limited companies, certain cooperatives, mutual companies, savings banks, funds, European companies and European cooperative societies.

Hon. Julian Fantino (Minister of International Cooperation, CPC): Mr. Speaker, with regard to (a), mitigation actions and measures taken to protect the interests of the Crown when an organization in receipt of the Canadian International Development Agency, CIDA, funding is under legal protection from creditors include conducting an internal, or contracting an external, review and assessment of potential program, legal, fiduciary and political/reputational risks that may arise; alerting the recipient country ministry or partner institution of potential project impacts; reviewing the contractual and performance terms and conditions of th ...[+++]e agreement or agreements signed; based on the assessment and severity of the financial situation, developing a risk mitigation and monitoring plan, usually in consultation with the organization or service provider and their lenders, as well as the recipient country ministry or partner institution, if required; obtaining financial statements, forecasts and operational plans from the organization or service provider to closely monitor and track progress in addressing the situation and returning to normal business operations; ensuring that all advance payments are secured by means of irrevocable bank guarantees issued by acceptable financial institutions and that any financial performance guarantees are enforceable, in case of need; and not entering into any new agreements until such time as the organization or service provider has demonstrated their financial capacity, returned to normal business operations and is no longer under the protection of the courts.

The types of companies affected are public limited companies, private limited companies, certain cooperatives, mutual companies, savings banks, funds, European companies and European cooperative societies.

Report identifying those provisions in national legislation on banking, finance and company law which obstruct international cooperation

Sectoral organisations with no cross-industry affiliation - Eurocommerce - COPA/COGECA - EUROPECHE - Association of European Cooperative Insurers, AECI - International Association of Insurance and Reinsurance Intermediaries, BIPAR - European Insurance Committee, CEA - Banking Federation of the European Community - Savings Banks Group of the European Community, GCECEE - Association of Cooperative Banks of the EC - European Confedera ...[+++]tion of woodworking industries, CEI-bois - Confederation of the National Hotel and Restaurant Associations in the EC, HOTREC - European Construction Industry Federation - European Regional Airlines Association, ERA - Airports Council International - European Region, ACI-Europe - Association des Transports aériens à la demande - Association of European Community Airlines, AECI - Association of European Airlines, AEA - Organisation européenne des bateliers - International Union for Inland Navigation - European Community Shipowners Association, ECSA - Community of European Railways, CER - International Road Transport Union, IRU * Sectoral organisations of UNICE and committees of the ETUC also consulted as required ***