Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Flaherty Says Canadian Banks Have Capital for Acquisitions

Canadian Finance Minister Jim Flaherty said the country’s lenders have enough capital for acquisitions.

Asked about the possibility of a Canadian lender buying an Irish bank, Flaherty said “some Canadian banks have made acquisitions in Asia and the U.S.” adding “there is no reason why they can’t make investments elsewhere so long as they maintain adequate capital.”

Flaherty said Canada supervises its banks “quite closely, including their capital requirements.” He said that new international rules -- the so-called Basel III regulations -- have increased both the “quality and quantity of the capital” lenders are required to hold.

Flaherty made the comments to reporters in Galway, Ireland, following a presentation at a conference today.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.