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Darroch believes that knowledge of how the activities of these banks in international markets removed growth constraints from both the banks and the economy is vital to understanding the development of Canadian banking and the Canadian economy. In Canadian Banks and Global Competitiveness he surveys the strategies that produced the banks' high rankings. Using a case study approach, he examines the history of each bank from its founding to the passage of the 1992 omnibus financial services legislation, evaluating how its strategies have evolved in changing environments and exposing the long-term effects of corporate decisions and the profound effects of public policy on this regulated industry. Darroch shows that each bank has made an important and distinctive contribution to the competitiveness and development of the Canadian economy. From his analysis it becomes clear that the banks were not so much "leaders" or "followers" as key enablers for Canadian firms and the Canadian economy.

Banks and banking, Canadian. --- Royal Bank of Canada. --- Canadian Imperial Bank of Commerce. --- Bank of Montreal. --- Bank of Nova Scotia.

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"We have been working together now for well over a decade. Our journey started with designing a comprehensive risk management education program for the Risk Management Group at the Bank of Montreal (BMO). Following that we developed several strategy and risk programs for the Schulich Executive Education Centre (SEEC) and worked on a risk program for bank directors at the Global Risk Institute in Financial Services. We have learned much along the way from our professional colleagues and the participants. Although our backgrounds are in strategy and risk management for financial institutions, we have worked with people from many different industries, including not-for-profits. We thought it was time to share what we have learned from financial institutions (FIs), which are among the leaders in integrating strategy and risk. This should be no surprise because that is their business. We believe that it is worthwhile to see what is at the leading edge of the integration so that other public and even private companies can reflect on the appropriateness of their integration. We also think our thoughts will be useful for people starting their careers in risk at FIs. To that end, we try to balance the needs of a broad audience with the challenge of being relevant to risk professionals."-- Provided by publisher

Risk management.