Richard Good has been sentenced to two years of probation, which includes a term of house arrest, said the British Columbia Securities Commission.

The Ministry of Finance says in a statement that executives with experience at Aimia Inc., Sun Life Financial Inc., GMP Securities LP, Norton Rose Fulbright and Kingsdale Advisors will form the task force.

The latest earnings season for Canadian banks saw three of the top six banks missing market expectations for profit growth.