Canada's banking regulator is increasing monitoring of domestic banks' financial health as the fallout from Silicon Valley Bank's collapse reverberates around the world, The Globe and Mail reported on Monday.
The Office of the Superintendent of Financial Institutions took steps to begin daily check-ins with banks that will enable it to monitor their
liquidity, the report added.took temporary control of SVB's unit in the country, adding that it is seeking to gain permanent control of the Canadian branch's assets.
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