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


Jacques St-Amant


Option consommateurs




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.

This document is available in the following language(s):

Third-Party Information Liability Disclaimer

Some of the information on this Web page has been provided by external sources. The Government of Canada is not responsible for the accuracy, reliability or currency of the information supplied by external sources. Users wishing to rely upon this information should consult directly with the source of the information. Content provided by external sources is not subject to official languages, privacy and accessibility requirements.

French only

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

Contact information

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

Source: Consumer Policy Research Database

Date Modified: