Le 16 novembre 2024, le ministère des Finances a publié le projet de Règlement modifiant le Règlement sur le régime de protection des consommateurs en matière financière (le « projet de règlement ») et a lancé une période de...more
Vers la fin du mois de septembre, le Bureau du surintendant des institutions financières (le « BSIF ») et l’Agence de la consommation en matière financière du Canada (l’« ACFC ») ont publié un rapport conjoint dans lequel ils...more
On November 16, 2024, the Department of Finance released Proposed Regulations Amending the Financial Consumer Protection Framework Regulations (Regulations) and opened a 30-day consultation period that closes on December 16,...more
In late September, the Office of the Superintendent of Financial Institutions (OSFI) and the Financial Consumer Agency of Canada (FCAC) jointly released a report describing the evolving risk landscape related to the use by...more
Le 16 avril 2024, la vice-première ministre et ministre des Finances du Canada, Chrystia Freeland, a dévoilé le budget fédéral de 2024 (le « Budget 2024 »). Intitulé « Une chance équitable pour chaque génération », le Budget...more
On April 16, 2024, Canada’s Deputy Prime Minister and Finance Minister Chrystia Freeland unveiled Budget 2024 (Budget). The Budget, titled “Fairness for every generation,” sets out the federal government’s policy initiatives...more
Le 23 décembre 2023, le gouvernement fédéral a publié son Règlement sur le taux d’intérêt criminel (le « Règlement ») tant attendu dans la Gazette du Canada. Le Règlement proposé aura des répercussions importantes pour les...more
The federal government released its highly anticipated Criminal Interest Rate Regulations (Regulations) in the Canada Gazette on December 23, 2023. The proposed Regulations have important implications for lenders across...more
On May 2, 2023, Bill C-47, Budget Implementation Act, 2023, No. 1 received second reading in the House of Commons (Budget Bill). The Budget Bill implements the policy initiatives outlined in the federal government’s 2023...more
Le 30 avril 2021, le projet de loi C-30, Loi no 1 d’exécution du budget de 2021 (le « projet de loi C-30 »), a été déposé en première lecture à la Chambre des communes. Le projet de loi C-30 édicte les nouvelles mesures...more
Comme il était prévu et comme il a été annoncé le 30 avril 2021 dans le Budget 2021 : Une relance axée sur les emplois, la croissance et la résilience, le gouvernement fédéral a publié le projet de loi C-30, qui renferme...more
Bill C-30, Budget Implementation Act, 2021, No. 1 was introduced to the House of Commons for first reading on April 30, 2021. Bill C-30 will enact into legislation new policy measures outlined in the 2021 federal budget...more
As was expected and announced in Budget 2021: A Recovery Plan for Jobs, Growth and Resilience, on April 30, 2021 the federal government released Bill C-30 containing, among other things, a draft of the long-awaited Retail...more
Le 27 octobre 2020, le Bureau du surintendant des institutions financières (« BSIF »), soit l’organisme de réglementation des institutions financières fédérales du Canada, a lancé une consultation publique sur le nouveau...more
On October 27, 2020, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s federal financial institutions regulator, launched a public consultation on new Draft Guideline E-4: Foreign Entities Operating...more
On May 1, 2020, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s prudential banking regulator, issued guidance on the use of internal capital buffers by small and medium-sized banks (SMS Banks) and...more
Key changes marking a significant shift in the Financial Consumer Agency of Canada’s (FCAC) enforcement powers and mandate came into force on April 30, 2020. Financial institutions will need to recalibrate their reputation...more
On April 9, 2020, the Office of the Superintendent of Financial Institutions (OSFI) announced further measures to support the financial and operational resilience of Canada’s federally regulated financial institutions as they...more
On April 4, 2020, the Basel Committee on Banking Supervision (Basel Committee) announced new measures aimed at alleviating the impact of COVID-19 on the global banking system. The Office of the Superintendent of Financial...more
On March 27, 2020, and March 30, 2020, the Office of the Superintendent of Financial Institutions (OSFI) announced additional measures to support the financial and operational resilience of federally regulated financial...more
At close of business on March 13, 2020, the Office of the Superintendent of Financial Institutions (OSFI), Canada’s prudential regulator, announced several actions to support the stability of the Canadian financial system in...more
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
On March 19, 2019, the Government of Canada released its 2019 budget plan (2019 Budget) before the federal election later this year. The 2019 Budget includes several proposals that impact federally regulated financial...more
In 2018, financial institutions in Canada witnessed yet another year of significant expansion in legislation and regulatory guidance impacting their operations....more
The Department of Finance is requesting input from the public and other stakeholders on a consultation paper entitled A Review into the Merits of Open Banking (Consultation Paper). The Consultation Paper seeks to affirm...more