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FCAC publishes Report on Best Practices in Financial Consumer Protection

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The working group will collaborate on developing new programs and initiatives, and identify research priorities

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Canada ranks third globally on financial knowledge, attitudes and behaviour

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The committee members will work broaden stakeholder engagement beyond traditional players

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The consumer watchdog reviewed business practices across Canada’s Big Six banks

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Feds also aim to modernize the deposit insurance system and implement a framework for resolving systemically important financial market infrastructure firms

The federal agency announced the review in March

Feds to consider expanded services from banks, fintechs

Financial institutions reimbursed $10.5 million to 1.2 million consumer accounts last year

Transition to shorter T+2 settlement now underway

The two regulators aim to bolster investor protection

  • By: IE Staff
  • September 12, 2017 December 19, 2017
  • 10:00
Feds to consider expanded services from banks, fintechs

The April review will focus on recent allegations related to financial institutions’ sale of products and services to clients