Canadian Bankers Association

Location

The Canadian Bankers Association works on behalf of 50 domestic chartered banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 263,400 employees to advocate for efficient and effective public policies governing banks and to promote an understanding of the banking industry and its importance to Canadians and the Canadian economy.

Governance

The Association’s rules and procedures are contained in the Special Act of Parliament of Canada incorporating the CBA, as amended, and the bylaws of the CBA. Decisions are made by Committees that are comprised of member bank representatives.

Executive Council

The Executive Council functions as the Board of Directors of the CBA. Its composition includes a Councillor (senior executive) from:

• Each individually Represented Bank (Six largest domestic banks together with HSBC Bank Canada, Canadian Western Bank and Laurentian Bank)
• One representative from the Domestic Bank Group (currently Canadian Tire Bank)
• Two representatives from the Foreign Bank Group (currently Citibank of Canada and Bank of America Canada), and
• The CBA President and CEO also sits on the Executive Council

The major bank CEOs nominate their respective representatives on the Executive Council and it is the CEO of each or his or her nominee who votes at the meeting of the Association.

Executive Committee

The Executive Committee exercises the powers and authority of the Executive Council in between meetings of the Executive Council. The composition included Counsellors from the Schedule I banks and the CBA President and CEO.

Senior Committees

Senior Committees report to Executive Council and manage the industry issues assigned to them by Executive Council.

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