Request for Information: Royal Bank of Canada / HSBC Bank Canada – Submission form

To help further gather and assess the facts about Royal Bank of Canada’s (RBC) proposed acquisition of HSBC Bank Canada (HSBC), the Competition Bureau has issued a Request for Information (RFI) highlighting areas in which the Bureau is seeking information to advance its investigation. However, the Bureau remains open to considering additional information.

The Bureau is investigating whether the proposed acquisition is likely to result in a substantial lessening or prevention of competition for services provided by the companies, including personal and business financial services across Canada.

The Bureau is inviting affected stakeholders – including market participants and Canadians – to submit relevant information to our attention about potential impacts on competition.

The Bureau encourages all those with relevant information to confidentially share their information or experiences with the Bureau by June 1, 2023.

A Request for Information published by the Competition Bureau is not a final decision about a proposed merger, but provides the Bureau’s areas of investigation that may benefit from information from market participants and Canadians. The Bureau’s investigation of the Proposed Acquisition is ongoing and no conclusions have been reached at this time.

Any information provided to the Bureau as part of an RFI will be protected as confidential, subject to certain exceptions explained in the Bureau’s Information Bulletin on Communication of Confidential Information Under the Competition Act.

Mandatory fields are marked with an asterisk (*).






Details of your submission

The Competition Bureau is seeking information about the following types of personal and business financial services across Canada:

Personal Financial Services

  • Residential Mortgages
  • Consumer Lending Other Than Residential Mortgages
  • Personal Transaction Accounts
  • Personal Short-term Savings
  • Personal Long-Term Investment Services
  • Private Investment Counselling Services

Business Financial Services

  • Business Accounts
  • Business Lending
 

The type of information requested about competition for these products and services includes:

  • Rivalry among RBC and HSBC and with other companies
  • Impacts of entry or expansion on price, quality, or choice
  • Differences in price, quality, or choice among urban, suburban and rural communities
  • Differences in price, quality, or choice available to different consumer groups
  • Ease of switching service providers
  • The prevalence and impact of bundling more than one product or service with a single service provider

Please select the relevant areas for which you are providing information below.

For each area, please check any and all options which apply to your circumstances. If you wish to submit evidence, such as electronic documents, these can be attached at the end of the form below.

* 

Residential mortgages

[check all that apply]

 

Consumer lending other than residential mortgages

[check all that apply]

I wish to share information about the following products:

[check all that apply]

 

Personal transaction accounts

[check all that apply]

I wish to share information about the following products:

[check all that apply]

 

Personal short-term savings

[check all that apply]

I wish to share information about the following products:

[check all that apply]

 

Personal long-term investment services

[check all that apply]

I wish to share information about the following products:

[check all that apply]

Private investment counselling services

[check all that apply]

* 

 

Business accounts

 

[check all that apply]

 

Business lending

[check all that apply]

I wish to share information about the following products:

[check all that apply]


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