4 Canadian banks on Top 10 list of world's strongest

The basic point of this thread is simple. As many as, what, 5-6 years ago, before the financial crisis, Canadian banks have been among those most criticized for being too old fashioned. You know, we didn't allow the completely unregulated speculation with other people's money that America and Europe did.

This year, 4 of 10 of the top rankings of international banks were Canadian.

4 Canadian banks on Top 10 list of world's strongest

Four of Canada's biggest banks have landed among the top 10 in a global ranking of the strongest banks, although two of them have seen their rankings slip from last year.

According to data compiled by Bloomberg Markets magazine, CIBC, Royal Bank, Scotiabank and TD were ranked 3rd, 4th, 7th and 8th, respectively, on the publication’s annual ranking of the world’s strongest and safest lenders.

http://www.cbc.ca/news/business/story/2013/05/01/business-bloomberg-bank.html

Regulations of banks = far better outcomes. It seems that simple.

The top 10:

1 Qatar National Bank (Qatar)
2 Oversea-Chinese Banking (Singapore)
3 Canadian Imperial Bank of Commerce (Canada)
4 Royal Bank of Canada (Canada)
5 DBS Group Holdings (Singapore)
6 United Overseas Bank (Singapore)
7 Bank of Nova Scotia (Canada)
8 Toronto-Dominion Bank (Canada)
9 Citigroup (U.S.)
10 Hang Seng Bank (Hong Kong)

idk... Oh Canada at least, I'm glad I have CIBC stock

The top 20 include an additional Canadian bank, 2 Swedish, 3 Chinese and a Malaysian, Swiss, Turkish and American bank.

Of the top 20, 1/4 are Canadian... I'm not even sure if we have other banks...

Originally posted by Oliver North
Regulations of banks = far better outcomes. It seems that simple.

Though, to be fair, if the test is essentially "do the banks do what proponents of regulation want" you'd expect such an outcome.

Really? Well, it's amazing.

Really amazing and only 1 bank from USA.

Amazing Qatar is the top 1.

No bank for USA?

Well, this thread surely is a magnet for odd spammers.

CANADA <3

Not surprising that intelligent regulation works, but you know most of the free, and especially in America, world would never admit the fiscal prowess of the Canadian system. It isn't pushed by lobbyists and it doesn't pad the bank accounts of certain already fabulously-wealthy individuals.

Brasil and Canada both show that there's more to success than the biggest armies and pretending that every little industry will regulate itself fairly.

Originally posted by Bardock42
Though, to be fair, if the test is essentially "do the banks do what proponents of regulation want" you'd expect such an outcome.

I can't find a breakdown specifically of how the banks were scored, but a brief skimming of this article seems to suggest it isn't simply "have these banks enacted regulations?".

http://www.bloomberg.com/news/2012-05-02/canadians-dominate-world-s-10-strongest-banks.html

Originally posted by Ascendancy
Not surprising that intelligent regulation works, but you know most of the free, and especially in America, world would never admit the fiscal prowess of the Canadian system. It isn't pushed by lobbyists and it doesn't pad the bank accounts of certain already fabulously-wealthy individuals.

Brasil and Canada both show that there's more to success than the biggest armies and pretending that every little industry will regulate itself fairly.

there was widespread recognition of Canada's banking system in Western media outlets following the recession...