Senator Colin Deacon

On June 19th, 2019, the Senate Standing Committee on Banking, Trade and Commerce (Senate Banking Committee) released the report Open Banking: What it Means for You. Following the release of this report, Senators Colin Deacon and Howard Wetston continued to invest a considerable amount of time advancing the issue of open banking. Their ongoing efforts reflect the Senate Banking Committee’s unanimous view that Canada should urgently develop and implement an open banking framework.

More than two years later, on August 4th, 2021, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, released the Advisory Committee on Open Banking (Advisory Committee)’s April 2021 Final Report.

Following a request from Senator Wetston, recent chair of the Senate Banking Committee, the Library of Parliament completed a side-by-side comparison between the 10 recommendations made by the Senate Banking Committee and the 34 recommendations made by the Advisory Committee.

Click here to read more.

In this article by Alice Chen of The Hill Times, Senator Deacon adds his voice to industry players and other parliamentarians to discuss the importance of prioritizing artificial intelligence in Canada. He cautions that Canada could fall behind globally in productivity and economic prosperity without further inroads and change in regulations in the AI sector. Click here to read the full article.

Get to know Senator Colin Deacon in this article as he shares details about how he got involved in public life, his perspective on the most important public policy issues in Canada, which book he recommends as a must-read, and much more. Click to read the full article.