The Bank of Montreal – Risk and Compliance

The Bank of Montreal is a Canadian bank that conducts a variety of activities. As a financial holding company, its activities are governed by the Bank Act, one of four federal statutes that govern the financial services industry. These statutes also govern the activities of other financial institutions, including insurance companies and cooperative credit associations.

Canadian banking regulators oversee the Bank Act and are responsible for enforcing its requirements. They examine banks annually to ensure that they are compliant with the Bank Act and are in sound financial condition. They report their findings to the Minister of Finance. Bank of Montreal branches in foreign countries are subject to the regulations of the country in which they operate.

Bank of Montreal is a large financial holding company that offers banking services to individuals and institutions. It operates through five segments: Retail Banking, BMO Capital Markets, Corporate Services, and Wealth Management. Founded in 1831, the bank has many branches in Canada. Its name derives from the city of Montreal, where the institution is headquartered.

BMO is committed to environmental sustainability and diversity. It is a founding signatory of the United Nations Principles for Responsible Investment (UNPRI). It has set a target of $400 billion in sustainable finance by 2025. It has also doubled support for women entrepreneurs and small businesses, and reduced barriers to inclusion. Its CSR and sustainability goals have been infused into its corporate culture, and it is committed to creating positive impacts for all stakeholders.