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Canada's chief bank lobbyist to step down next year

Published 2016-06-23, 12:16 p/m
© Reuters. Canada's chief bank lobbyist to step down next year
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TORONTO, June 23 (Reuters) - The chief lobbyist for Canada's
banks, Terry Campbell, is to step down as chief executive of the
Canadian Bankers Association (CBA) next year, he told Reuters,
leaving time for a successor to be appointed.
Campbell, who has been in the role since March 2011, said he
has notified the country's biggest banks of his decision after
informing the board of the CBA earlier this month.
"I'm going to retire a year from now. I've given my board a
year" to appoint a successor, Campbell said.
Campbell has worked at the CBA since 1997, having previously
had a 16 year career in the Ontario public service, including
having responsibility for policy relating to
provincially-regulated financial services.
The CBA lobbies on behalf of Canadian banks including Royal
Bank of Canada RY.TO , Toronto-Dominion Bank TD.TO , Bank of
Nova Scotia BNS.TO and Bank of Montreal BMO.TO .
During his time at the helm of the CBA, Campbell lobbied
against the Volcker rule, a key plank of U.S. financial reform
which he said would unfairly punish Canadian banks that dealt
closely with the U.S. market.

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