Resources RSS (opens in a new window)
Critical resources concerning open banking in Canada.
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.
(File) Final report: Advisory Committee on Open Banking
This report by The Advisory Committee on Open Banking outlines recommendations on how to modernize the Canadian financial services sector and implement a secure open banking system for Canadian consumers. The 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.