The CBA today
Today, the Canadian Bankers Association is the voice of more than 60 domestic and foreign banks operating in Canada and their 275,000 employees and it continues to provide governments and others with a centralized contact to all banks on matters relating to banking in Canada. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals.
The Association promotes financial literacy to help Canadians make informed financial decisions and sponsors two financial literacy seminar programs: Your Money Students and Your Money Seniors.
The Association also works with banks and law enforcement to help protect customers against financial crime and promote fraud awareness.
The CBA provides its members with information, research and operational support, and contributes to the development of public policy on issues that affect financial institutions. The Association is continually involved in financial data collection and analysis, consumer protection efforts, fighting bank fraud, and developing industry consensus on issues impacting banks in Canada.
CBA Community Involvement
Banks and their employees are among Canada's top corporate donors to charities and non-profit organizations and have a long tradition of community participation. As the industry association for the banks, the CBA and its employees are also committed to giving back to communities. Over the years, employees of the CBA have participated in events and fundraisers and provided donations to the United Way of Canada, the Heart and Stroke Foundation of Canada, the Canadian Breast Cancer Foundation, the Canadian Cancer Society, the North York Harvest Food Bank, the North York Women's Shelter, Denise House and the Cure Foundation.
As part of its efforts to support youth, the Parliamentary Internship Programme (PIP) has also received funding and support from the CBA for more than 20 years. The PIP is a non-partisan initiative that gives young Canadians an opportunity to work on Parliament Hill with both Government and Opposition Members of Parliament. Since 1969, almost 400 young Canadians have benefited from the Programme, with many going on to senior positions in the academic, public and private spheres.
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.
The Executive Council functions as the board of directors of the CBA. Its composition includes a councillor (senior executive) from:
- Each individually represented bank (nine largest banks)
- Two representatives from the Domestic Bank Group
- Two representatives from the Foreign Bank Group
The CBA President also sits on the Executive Council.
The CBA adheres to federal and provincial lobbyist registration rules and requirements.
Working with others
The CBA works with federal and provincial governments, business associations and consumer groups to help ensure that regulations and other rules impacting the banking industry are efficient and effective. The banking industry is a strong driver of the Canadian economy and annually contributes tens of billions of dollars to Canada’s GDP and delivers financing for consumers and businesses. With more than 40 banks offering retail financial products and services to Canadians, consumers are well served by an innovative and competitive marketplace.
The Canadian Bankers Association is also active in promoting the Canadian banking system internationally and is a member of the International Banking Federation (IBFed) and the Union bancaire francophone (UBF).