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Second Phase of Consultation on Open Banking in Canada Opens with a New Moniker: Consumer-Directed Finance

The Advisory Committee on Open Banking (Committee), appointed by the Department of Finance Canada (Finance) in November 2018 to lead a two-phase consultation evaluating the merits of an open banking framework for Canada,...more

Changes to Financial Services Regulation in British Columbia

British Columbia’s new regulator, the BC Financial Services Authority (BCFSA), commenced operations on November 1, 2019, when the key sections of its empowering legislation came into force, at which time the Financial...more

Is CBA’s New Voluntary Code of Conduct the Golden Rule for Banks Serving Canadians in Their Golden Years?

On July 25, 2019, the Canadian Bankers Association (CBA) released its voluntary Code of Conduct for the Delivery of Banking Services to Seniors (Seniors Code), which was adopted by its member banks. Such voluntary codes of...more

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