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The Legal Post quotes Stephen Clark in an article regarding the debate on legally considering the Canada Infrastructure Bank as an actual bank

Fasken
Reading Time 1 minute read
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“Is the Canada Infrastructure Bank actually a bank? Don’t Bank on It” by Drew Hasselback, The Legal Post.

The Legal Post quotes Toronto lawyer Stephen Clark in an article regarding the debate on legally considering the Canada Infrastructure Bank as an actual bank and its consequences under the Bank Act.

“It is a specific offence under the Bank Act for anyone who is not a bank to use the words “bank”, “banker” or “banking” to indicate or describe a business in Canada, unless you are the Crown,” said Stephen Clark, chair of the financial institutions practice at national business law firm Fasken Martineau DuMoulin LLP.

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