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Company: Financial Consumer Agency of Canada

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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

The members represent financial industry groups, advocacy groups and regulators

The “financial literacy outcome evaluation tool” consists of evidence-based financial literacy outcomes and indicators against which organizations can compare their programs

Lucie Tedesco, who has been vice chairwoman of FinCoNet since 2013, was appointed to a three-year term as chairwoman earlier this month

Educate your clients with “explainer” videos

The two organizations have launched a series of four videos on both their websites that advisors could use to educate their clients

A new OECD survey says Canadians have healthy financial habits but could do better managing debt