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Scotiabank's Public Policy Activities
Scotiabank is proud to be an active and informed participant in discussions on public policy issues that affect the financial sector and our operating environment. As one of its leading corporate citizens, Scotiabank also works to support the political process and democratic institutions in Canada.
Scotiabank's policy-related activities
Scotiabank participates in public policy discussions through the Canadian Bankers Association, and engages directly with all levels of government on both domestic and international issues of relevance to the Bank and the banking industry more broadly. Scotiabank also provides support or sponsorship for events, programs and forums that encourage public policy discussions and awareness of issues.
In addition, Scotiabank is a significant contributor to the work of the Institute of International Finance (IIF) in Washington, D.C., including through our leadership on the IIF's Committee on Governance and Industry Practice. This committee works to identify and promote sound industry practice in the areas of risk management, risk governance, corporate governance and compensation.
Scotiabank also plays a leadership role in public policy discussions related to the Americas region. In August 2011, the Government of Canada appointed Scotiabank CEO Rick Waugh to serve as co-chair of the Canada-Brazil CEO Forum, which aims to help Canadian and Brazilian businesses grow bilateral trade and increase investment between the two countries.
Along with these activities, Scotiabank provides funding to numerous conferences and non-governmental organizations focused on public policy, such as the C.D. Howe Institute, the Canadian Council for the Americas, the Canadian Council of Chief Executives and the Canadian Chamber of Commerce.
Scotiabank public policy priorities
Scotiabank has a number of priorities that guide our public policy activities and engagement. For example, we work towards:
- Achieving a balance between robust economic growth and financial stability by participating in domestic and international discussions on financial sector policy and regulation.
- Building Toronto into one of the world's top financial services hubs, in part through our participation in the Toronto Financial Services Alliance.
- Deepening our international relationships by expanding Canada's global commercial ties, supporting its trade and investment agenda and contributing to growth and investment in emerging economies.
- Promoting responsible investment and open markets around the world in order to create new opportunities and jobs—including through economic development projects and the promotion of financial inclusion.
- Cooperating with stakeholders in the public and private sectors to achieve our common aims to the benefit and well being of our customers and communities in Canada and around the world.
With the Standing Committee on Foreign Affairs and International Development studying the role of the private sector in international development, Scotiabank accepted the opportunity to voice our strong support for encouraging private sector entities to be catalysts in generating long-term economic growth and alleviating poverty in developing countries.
January 28, 2013
Canada's Priority: The urgent case for pursuing global markets
Address by Richard E. Waugh, Chief Executive Officer
To the 125th Annual Toronto Region Board of Trade Dinner – Toronto, Ontario
October 23, 2012
World of opportunity: Why Canada's road to success runs through emerging markets
Address by Richard E. Waugh, President and Chief Executive Officer
To the Canadian Business Leadership Forum
Scotiabank is involved in a number of public policy, regulatory and business associations, including:
- Canadian Bankers Association
- Institute of International Finance
- Investment Industry Association of Canada
- The Investment Funds Institute of Canada
- Toronto Financial Services Alliance
- Investment Industry Regulatory Organization of Canada
- Mutual Fund Dealers Association of Canada
- Canadian Chamber of Commerce
- Canadian Council of Chief Executives
- Canada China Business Council
- Canada-India Business Council
- Brazil Canada Chamber of Commerce
- Canadian Council for the Americas
- Americas Society and Council of the Americas
- C.D. Howe Institute
- Conference Board of Canada