What’s with the mainstream financial media’s sudden interest in bank runs? I can’t imagine what the Canadian government might have done to annoy an American administration who might see a need to gate the assets of a Canadian bank, can you?
Zelmer said that Canada’s decision to ring-fence the Canadian assets of Maple Bank, a small German lender that ran into financial difficulty in 2016, was something of a precedent for how regulators in other countries might respond.
“We should not be surprised if the United States and other countries would be willing to ring-fence a much larger Canadian bank with many foreign depositors,” he wrote.


