Towards more efficient Canadian banking legislation: the challenge (in French only)

Author

Jacques St-Amant

Organization

Option consommateurs

Published

2006

Summary

This report looks at the 2006 Financial Institutions Legislation Review: Proposals for an Effective and Efficient Financial Services Framework, the Department of Finance review of the Bank Act initiated by the Government of Canada. The report focuses on one problem area in particular, electronic payments, with the goal of improving the way that financial markets function and promoting the need for intelligent regulatory initiatives. This report addresses all the questions raised in the White Paper as well as observations and recommendations addressed previously to the Minister of Finance, Government of Canada, and the Parliament by Option consommateurs in response to the 2005 consultation paper. Comments on questions related to electronic payments were made jointly with other members of the Canadian Consumer Initiative. The observations to be found in this document concerning imageable cheques and the operations of the Canadian Payment Association need to be read in conjunction with those comments, which express common conception of the general framework that should eventually govern electronic payment in Canada. The comments relate primarily to banking services and are guided by concern for the needs of low income consumers.

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French only

OCA Funded Research
This research received funding support through the Office of Consumer Affairs' Contributions Program.


Contact information

Address
50 Sainte-Catherine street West, Suite 440
Montreal, Quebec
H2X 3V4
Telephone
(514) 598-7288
Fax
(514) 598-8511

Source: Consumer Policy Research Database

Date Modified: