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Dec 14, 2024 | 
theglobeandmail.com | Parna Sabet-Stephenson
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Nov 6, 2024 | 
mondaq.com | Parna Sabet-Stephenson
On October 7, Gowling WLG's FSxT Group hosted an insightful
installment of FSxT Connect: Regulatory Pulse, designed to foster
dialogue with the regulators shaping Canada's financial
services and technology landscape. In this exclusive session,
Leslie Byberg of the Ontario Securities Commission, Ron Morrow of
the Bank of Canada, and Donna Kinoshita of Payments Canada shared
their perspectives on pivotal changes affecting the industry.
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Nov 6, 2024 | 
mondaq.com | Parna Sabet-Stephenson |Alana Scotchmer |Angelica Wilamowicz
GW
Gowling WLG
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Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
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Oct 31, 2024 | 
gowlingwlg.com | Parna Sabet-Stephenson |Alana Scotchmer |Angelica Wilamowicz
ArticleWith the registration provisions of the Retail Payment Activities Act (RPAA) taking effect on November 1, 2024, there is growing interest in understanding what information will be shared publicly in respect of payment service providers that are subject to the Act. The Bank of Canada is expected to release several key lists, alongside information as further specified in the RPAA and summarized below.
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Oct 30, 2024 | 
gowlingwlg.com | Parna Sabet-Stephenson |Alana Scotchmer |Angelica Wilamowicz
ArticleWith the clock ticking down to the Nov. 15, 2024 deadline for payment service providers (PSPs) to register with the Bank of Canada, Canada’s financial services landscape is on the cusp of a major transformation. At the heart of this shift is the Retail Payments Activities Act (RPAA), a key pillar in Canada’s drive to modernize payments and create a more competitive, secure ecosystem.
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Oct 13, 2024 | 
mondaq.com | Alana Scotchmer |Parna Sabet-Stephenson |Angelica Wilamowicz
GW
Gowling WLG
More
Gowling WLG is an international law firm built on the belief that the best way to serve clients is to be in tune with their world, aligned with their opportunity and ambitious for their success. Our 1,400+ legal professionals and support teams apply in-depth sector expertise to understand and support our clients’ businesses.
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Apr 23, 2024 | 
mondaq.com | Alana Scotchmer |Angelica Wilamowicz |Natália Castro |Parna Sabet-Stephenson
Canada's Consumer-Driven Banking Framework
(Framework) was released alongside the 2024 federal budget, and serves as an update to
the previously released 2023 Fall Economic Statement: Policy Statement
on Consumer-Driven Banking.
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Apr 17, 2024 | 
lexology.com | Parna Sabet-Stephenson |Alana Scotchmer |Adam Garetson |J. Quinn Clement-Schlimm |Hyunju Park |Natália Castro | +4 more
With major investments in innovation, a clearer legislative roadmap for open banking and the introduction of sweeping regulatory reforms, Canada's 2024 federal budget (Budget 2024), Fairness for Every Generation, aspires to foster a more modern and inclusive financial services industry – one with technology at its heart, consumers top of mind and an expanded arsenal for fighting financial crime.
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Apr 17, 2024 | 
lexology.com | Alana Scotchmer |Angelica Wilamowicz |Natália Castro |Parna Sabet-Stephenson
Canada's Consumer-Driven Banking Framework (Framework) was released alongside the 2024 federal budget, and serves as an update to the previously released 2023 Fall Economic Statement: Policy Statement on Consumer-Driven Banking. Here is what you need to know:Wait, what is "consumer-driven banking"?
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Apr 16, 2024 | 
mondaq.com | Alana Scotchmer |Angelica Wilamowicz |Natália Castro |Parna Sabet-Stephenson
In his 1869 novel War and Peace, Leo Tolstoy famously
wrote: "The two most powerful warriors are patience and
time." How aptly this aphorism applies to Canada's
multi-year journey toward open banking is likely to be determined
– at least in part – next week.
After much anticipation, Ottawa has pledged to unveil an open
banking framework as part of Federal Budget 2024 – with the
draft legislation itself anticipated to appear later in the year.
