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Discover all recent media appearances, news, articles, and updates from Senator Colin Deacon right here.
Library of Parliament: A Comparison of Open Banking Recommendations
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.
The Hill Times: AI innovation needs federal attention, say industry players, lawmakers
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.
Interview: Meet Senator Colin Deacon
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.
Final report: Advisory Committee on Open Banking
The Advisory Committee on Open Banking released a final report with recommendations on how to modernize the Canadian financial services sector and implement a secure open banking system for Canadian consumers. The committee’s final report, which has been welcomed by Finance Minister Chrystia Freeland, is the culmination of work undertaken since 2018, including two phases of consultation with a broad range of stakeholders and engagement with subject matter experts. Click here to read the full report.
iPolitics: Senators urge better, affordable child-care programs
In this opinion piece written by Senators Moodie and Miville-Dechêne, Senator Deacon lends his support for the creation of affordable and high-quality early learning and child-care programs throughout the country, to ensure equity in workforce participation, better post-pandemic recovery, and prosperity for all. Read more here.
Chamber Speech: Bill C-30
In his speech on the Budget Implementation Act, Bill C-30, Senator Deacon emphasizes the importance of early learning and child care as well as the initiative to accelerate the digitization of small- and medium-sized enterprises in the budget, the influence of the Retail Payment Activities Act, how regulatory changes reduce credit card fraud and costs for small business and consumers, and most fundamentally, of the importance of incentivizing and supporting competition in the Canadian economy.
Chamber Speech: Bill C-10
At second reading of Bill C-10, An Act to amend the Broadcasting Act and to make related and consequential amendments to other Acts, Senator Deacon emphasizes the need to ensure that C-10 strengthens the future of Canadian media and content creation without creating issues of competing and conflicting privacy and competition laws. Senator Deacon argues for the empowerment of the private sector with an agile regulatory framework that generates recurring revenue and encourages global competitiveness, in order to best support the prosperity, creativity, culture and competition of Canadian media.
Chamber Speech: Bill C-208
Bill C-208, An Act to Amend the Income Tax Act (transfer of small business or family farm or fishing corporation), addresses an anti-avoidance rule in our Income Tax Act that unjustly burdens those wishing to complete genuine intergenerational transfers of a family-owned small business, farm or fishing operation. As Senator Deacon argues in support of the bill, Bill C-208 provides us with the opportunity to address a longstanding painful reality. Click here for his full speech.
Insight Series: OBIC on Open Banking Drives Strong Cybersecurity Through APIs
In this tenth episode of the Open Banking Initiative Canada (OBIC) Open Banking Insight Series, Senator Colin Deacon and Michelle Beyo (OBIC Board Member and CEO of Finavator INC) sit down with Joseph Lau (Chief Information Security Officer at Sagard Holdings and Portage Ventures), and Alan Osborne (Executive Vice President and Chief Information Security Officer at PaySafe Group). In this episode, Open Banking Drives Strong Cybersecurity Through APIs, the panel explored the importance of cybersecurity for all companies and how an Open Banking framework will help to drive strong cybersecurity for the whole ecosystem through APIs. To watch their full discussion, click here.
Senator's Statements — Infilling of the Halifax Harbour, June 16th, 2021
In this statement, Senator Deacon urges the Minister of Transport to halt infilling projects in the Halifax Harbour unless the project has been approved by the Municipality and the Province. Click here to see this important statement.