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Gordon Nixon: Supervisor at Royal Bank of Canada - Case Study Example

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Name Institution Course Instructor Date Gordon Nixon: Supervisor at Royal Bank of Canada Introduction Gordon Nixon is the senior supervisor at Royal Bank of Canada. Gordon Nixon comes from Montreal, Quebec. He started his education at Lower Canada College…
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Gordon Nixon: Supervisor at Royal Bank of Canada
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"Gordon Nixon: Supervisor at Royal Bank of Canada"

Download file to see previous pages In 1995, Nixon Gordon rose to head Global Investment Banking. In 2001, Nixon Gordon became the Chief Executive Officer at Royal Bank of Canada. This was after John Cleghorn retired from the chief supervisor position in this bank (Royal Bank of Canada 1). Roles of Nixon Gordon in Royal Bank of Canada Nixon Gordon, supervisor at Royal Bank of Canada, is crucial to success of this bank. Nixon performs many functions that are critical to performance and success of the bank. To start with, the supervisor ensures that the bank remains sound in domestic and international financial systems. This entails putting stringent and practical measures that promote bank soundness. Secondly, supervisor ascertains that there is strong internal governance in various sectors of Royal Bank of Canada. The department comprises account opening, credit cards acquisition, loans, and inquiries section. Nixon makes certain that there is an adequate macroeconomic development which has positive impacts to the bank. Thirdly, the supervisor assures that all relevant information about the bank is in place. This includes disclosure of information that surrounds valuation of bank assets. Fourthly, Nixon maintains prudent manner of operations and guarantees that Royal Bank of Canada observes its norms. This encompasses looking at possible sources of risks that can destabilize the bank. Lastly, he initiates early, orderly, and efficient exit in cases of undercapitalization of the bank (Boudreau & Jesuthasan 155-160). Analysis Nixon Gordon ensures that there is closer attention to linkages between sound activities of Royal Bank of Canada and macroeconomic policies. This entails looking at microeconomic policy in terms of its instruments and policy mix. He realizes that the health of economy and effectiveness of monetary policy depend on a sound financial system. In the light of this, Nixon Gordon makes solid policies that are compliant with banking laws and regulations of Canada. For instance, the supervisor has increased the assets of Royal Bank of Canada in order to meet obligations and prevent unwanted and unacceptable losses. He ascertains that the bank sets effective liquidity risk management to ensure that liquidity does not affect the cash flow of the bank (Boudreau & Jesuthasan 155). Nixon Gordon has been instrumental in developing strategy, practices, and policies to manage liquidity risk in accordance with risk tolerance. On top of this, Nixon spearheads the management team at Royal Bank of Canada to review information on banker’s liquidity reports and developments on regular basis. Moreover, Nixon Gordon guides bank’s board of directors to approve plans and practices that are pertinent to management of liquidity risk effectively. Further, Gordon ensures that the Royal Bank of Canada incorporates liquidity costs, risks, and benefits in internal pricing, performance measurement, and approval of new products. This has allowed Royal Bank of Canada to align venturesome incentives of businesses with liquidity risk exposures. In addition, Nixon Gordon is instrumental in ensuring Royal Bank of Canada has sound procedure for monitoring, controlling, identifying, and measuring liquidity risk (Boudreau & Jesuthasan 155-160). The Chief Supervisor at Royal Bank of Canada guides devising of sound decision that elaborates on methods of funding. This has provided effective diversification of its sources of getting money. On top of this, it has maintained a strong grip with financial providers who promote their ...Download file to see next pagesRead More
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