From Hamilton to “Little Bang”: How Canada Built (and Unbundled) the Four Pillars
Автор: Canadian Business History Association
Загружено: 2026-01-13
Просмотров: 45
How did Canada end up with a nationally run banking system, decades of scheduled Bank Act reviews, and the famous “four pillars” (banks, trusts, insurers, dealers)—and what finally broke the walls between them? In this brisk talk, CBHA’s Joe Martin walks through the key moves from Confederation to the 1980s.
What you’ll hear:
📜 Why banking sat with Ottawa under the BNA Act (Section 91) and markets/dealers fell under the provinces (Section 92(13)).
🏛️ Sir Francis Hincks’s 1871 Bank Act—minimum capital, double liability, dual notes—and the 10-year review rule.
🧭 How those reviews played out: Home Bank fallout, the Porter Commission, creation of the federal banking superintendent and later OSFI.
🧱 The “four pillars” model and how 1986–87 reforms—the Canadian “Little Bang”—let banks, insurers, and trusts buy investment dealers.
🇺🇸 A surprising thread: Alexander Hamilton’s imprint on Canadian banking culture and law.
Clear, fast, and practical—ideal for students, policy teams, and anyone who wants a straight story on how Canada built a resilient financial system and why the walls between the pillars eventually came down. 🍁
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