Canadian Bankers Association

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The Canadian Bankers Association (CBA) is a financial lobbying group [1] that works on behalf of 60 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada and their 280,000 employees. The CBA advocates for effective public policies that contribute to a sound, successful banking system that benefits Canadians and Canada's economy.[citation needed] The Association also promotes financial literacy to help Canadians make informed financial decisions and works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness.[citation needed] The CBA was organized in Montreal in 1891, making it one of Canada’s oldest interest groups.

Canadian Bankers Association Bilingual logo

The CBA works on public policy issues related to the banking system in Canada. The CBA is also a leading source of information and statistics about banks operating in Canada and the country's national banking system, which has been named the world’s soundest by the World Economic Forum for eight consecutive years.[2]

The CBA is registered as a lobbying group at both the federal and provincial levels.[3][4]

The CBA operates out of offices in Toronto, Ottawa and Montreal.


Terry Campbell[edit]

Terry Campbell is President and Chief Executive Officer of the Canadian Bankers Association. In this capacity, he is the principal spokesperson for the banking industry in Canada and communicates the perspectives of the industry to all levels of government, regulators, international bodies, media and the Canadian public. He also ensures that the CBA plays a leadership role in the development of sound public policy on financial services.[citation needed] He is also a member of the Board of Directors of the International Banking Federation (IBFed), a forum that addresses issues affecting banking around the world.

Mr. Campbell joined the CBA in 1997 and most recently held the position of Vice President, Policy. In this role, he was responsible for supporting the banking industry’s policy development and advocacy activities regarding federal financial services legislation reform, policy and legislation affecting banks as employers, international trade policy, and a range of regulatory issues at the provincial level.

Prior to joining the CBA, Mr. Campbell had a sixteen-year career in the Ontario public service, including serving at the director level with responsibility for policy related to provincially regulated financial services.

Mr. Campbell graduated with a Master’s degree in History from Queen's University and completed his undergraduate work at the University of Toronto. He has served on the Guelph Museums Board of Management and the Board of the Deposit Insurance Corporation of Ontario. He is active in mentoring programs for recent immigrants to Canada.

James O'Sullivan[edit]

James O’Sullivan is Group Head, Canadian Banking at Bank of Nova Scotia, responsible for all retail, small business, commercial banking, wealth management and insurance operations in Canada, as well as the bank’s administrative function of shared services.

Mr. O’Sullivan has been with Bank of Nova Scotia since 1990, and has held senior leadership roles in Investment Banking, Mergers & Acquisitions, Finance and Asset Management. Most recently, he served as Executive Vice President, Global Wealth Management.

He holds a Specialized Honours Bachelor of Arts degree in Mathematics from York University, a Juris Doctor degree from Osgoode Hall Law School and a Master of Business Administration degree from the Schulich School of Business, York University. Mr. O’Sullivan is a past Chair of the Board of Directors at Humber River Hospital.

Consumer Information[edit]

The CBA provides information to the public about banking policies, saving and investing, and fraud prevention.

Through the CBA’s website, consumers can learn basic banking information such as opening a bank account, choosing the right account and understanding credit. The CBA also provides an overview of various banking products like Tax Free Savings Accounts, RRSPs and mortgages.

The CBA also provides information to the public about their rights and responsibilities while conducting banking transactions. Consumers can find information about codes of conduct, selling practices and customer privacy through the CBA’s website.

Fraud Prevention[edit]

Canada’s banks take the issue of financial fraud seriously. In order to help make fraud prevention a habit throughout the year, the CBA, on behalf of Canada’s banks, has developed a series of Fraud Prevention Tips that cover current and emerging fraud schemes like phishing, identity theft and debit and credit card fraud.

Financial Literacy[edit]

Banks in Canada are leaders in financial literacy support for Canadians. Banks are an essential part of Canadians daily lives in terms of financial decisions and money smarts. The CBA is active in providing financial literacy to Canadians through a number of programs and initiatives.

Your Money Students[edit]

Your Money Students is the CBA’s financial literacy resource for youth. Every year bankers from CBA member institutions volunteer to visit classrooms across Canada to present a seminar that covers topics such as budgeting, saving, investing, borrowing and fraud prevention. This non-commercial program teaches young adults about responsible money management. The Your Money website ( also provides resources for parents to teach their kids financial literacy at home.

Developed in partnership with the Financial Consumer Agency of Canada in 1999, the Your Money Students program has reached over 225,000 students across Canada. Teachers can request a free, non-commercial seminar for their class online and are then matched to a volunteer banker from their community. The seminar is interactive, and students have the opportunity to actively participate. Find out more, or register at (

Your Money Seniors[edit]

Your Money Seniors is the CBA’s financial literacy resource for seniors. Modelled on the Your Money Students program, bankers from across Canada volunteer their time to visit seniors’ groups in their community to present a seminar that covers cash management, financial fraud or financial abuse.

Developed in partnership with the Financial Consumer Agency of Canada (FCAC) in 2014, the Your Money Seniors program is a free, non-commercial seminar that is offered to seniors’ groups through community organizations or associations or any interested group with ten or more participants. To find out more information or to register for a seminar visit (

Canadian Banks’ Law Enforcement Award[edit]

Canadian banks work closely with law enforcement in order to prevent and investigate crimes against financial institutions. Every year, the CBA honours outstanding Canadian police officers who have gone above and beyond the call of duty to protect Canada’s banks and their employees against financial crime.

Since 1972, the CBA has honoured more than 200 police officers. Recipients of this prestigious award have gone above and beyond the call of duty while preventing and investigating crimes against Canada's financial institutions.


The CBA currently has 61 members from domestic, foreign bank subsidiaries and foreign bank branches operating in Canada. Current CBA members are:

Schedule I Banks[edit]

Schedule I Banks are domestic banks and are authorized under the Bank Act 1991 to accept deposits, which may be eligible for insurance provided by the CDIC.

Schedule II Banks[edit]

Schedule II Banks are foreign bank subsidiaries authorized under the Bank Act to accept deposits, which may be eligible for deposit insurance provided by CDIC. Foreign bank subsidiaries are controlled by eligible foreign institutions

Schedule III Banks[edit]

Schedule III banks are foreign bank branches of foreign institutions that have been authorized under the Bank Act to do banking business in Canada.

Lending Branches[edit]

  • Credit Suisse, Toronto Branch

See also[edit]


External links[edit]