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Bank of Canada
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Maple Bank |
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Maple Financial Group is a
privately held, global financial organization based in Canada. The Bank
provide banking, securities and financial services to financial
institutions, corporations and individuals throughout the world. While the
Bank are known as innovators, it is also risk averse, and conservative bias
makes the organization a secure and reliable counterparty. Maple Financial
was founded in 1986. Today, the Bank have over 260 employees, with offices
in Toronto, Frankfurt, Jersey City, London and Milan. Maple Financial’s
subsidiaries include a German bank with branches in Canada and Italy, and
broker-dealers in Canada, the U.S. and the U.K. The business activities are
overseen by national regulators in Germany, Canada, the United States and
the United Kingdom. Maple Bank operates in Canada through its full-service
Schedule III Foreign Bank Branch based in Toronto, Ontario. The primary
businesses of the Toronto Branch of Maple Bank include securities finance
and structured secured wholesale lending.
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In addition, the Toronto
Branch brings the treasury strength of Maple Bank to the other Maple
Financial businesses in North America including Maple Trade Finance and
proprietary trading in Maple Securities Canada Limited. |
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Maple Bank
Category : Schedule III
SWIFT Code : MAPLCATT
Address :
79 Wellington Street West
Suite 3500, P.O. Box 328
Toronto, Ontario
Canada M5K 1K7
Telephone : +1 (416) 350-8200
Website : www.maplebank.com |
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Unlike the
Schedule I and
Schedule II banks,
as a Schedule III bank,
Maple Bank (Canada branch) are NOT incorporated under the Bank Act and therefore
operate in Canada under other government-mandated restrictions.
Schedule III banks usually
operate within the country's largest cities
(being Toronto, Montreal, Calgary and Vancouver), under certain restrictions
mentioned in the Act. As of October 2010, there were 23 such banks in
Canada.
In Canada, the Office of the Superintendent of
Financial Institutions (OSFI) is responsible for administering a number of
federal statutes, including the Bank Act and the Trust and Loan Companies
Act, the statutes applicable to the regulation of banks and federal trust
and loan companies.
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