Consumer Protection and the Provincial Regulation of Deposit-Taking Institutions in Alberta: 1966-1991


  • Michael Wylie



The past twenty-five years have been a turbulent time in Alberta's deposit-taking industry. The relative calm of the late 1960s and the 1970s belied the upheaval that would occur in the 1980s. That decade saw the collapse and near-collapse of a number of Alberta-based deposit-taking institutions, including the Principal group of companies. At the same time, the entire financial industry in Canada was restructuring, with the collapse of the dividing lines between the traditional four pillars of that industry


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