Financial Consumer Agency of Canada – Investment Executive https://www.investmentexecutive.com Canada's news source for financial professionals Fri, 12 Jan 2024 19:30:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.investmentexecutive.com/wp-content/uploads/sites/3/2018/01/cropped-favicon-1-32x32.png Financial Consumer Agency of Canada – Investment Executive https://www.investmentexecutive.com 32 32 Quantum security threat to cost financial firms https://www.investmentexecutive.com/news/research-and-markets/quantum-security-threat-to-cost-financial-firms/ Fri, 12 Jan 2024 19:30:04 +0000 https://www.investmentexecutive.com/?p=478572 Boosting defences to deal with vastly more powerful tech poses a challenge, Fitch says

The post Quantum security threat to cost financial firms appeared first on Investment Executive.

]]> OSFI, FCAC to explore industry plans for AI, quantum computing https://www.investmentexecutive.com/news/from-the-regulators/osfi-fcac-to-explore-industry-plans-for-ai-quantum-computing/ Wed, 20 Dec 2023 18:39:17 +0000 https://www.investmentexecutive.com/?p=477650 Study of firms' plans for advanced tech will inform regulation and oversight

The post OSFI, FCAC to explore industry plans for AI, quantum computing appeared first on Investment Executive.

]]> Senate committee calls for action on housing costs https://www.investmentexecutive.com/news/from-the-regulators/senate-committee-calls-for-action-on-housing-costs/ Tue, 05 Dec 2023 22:12:48 +0000 https://www.investmentexecutive.com/?p=476631 Recommendations echo affordability measures in government's fall economic statement

The post Senate committee calls for action on housing costs appeared first on Investment Executive.

]]> OBSI named sole provider for bank complaints https://www.investmentexecutive.com/news/from-the-regulators/obsi-named-sole-provider-for-bank-complaints/ Tue, 17 Oct 2023 21:55:26 +0000 https://www.investmentexecutive.com/?p=473540 Finance also announced measures to tackle bank fees and mortgage relief

The post OBSI named sole provider for bank complaints appeared first on Investment Executive.

]]> Why clients should be cautioned about fintech services https://www.investmentexecutive.com/news/industry-news/why-clients-should-be-cautioned-about-fintech-services/ Thu, 01 Jun 2023 15:31:32 +0000 https://www.investmentexecutive.com/?p=466598 Without open banking, Canadians' data is at greater risk when they use unregulated apps

The post Why clients should be cautioned about fintech services appeared first on Investment Executive.

]]> FCAC seeks single body for bank complaints https://www.investmentexecutive.com/news/from-the-regulators/fcac-seeks-single-body-for-bank-complaints/ Thu, 11 May 2023 18:50:28 +0000 https://www.investmentexecutive.com/?p=465439 Applications due June 26 for the job of enhancing complaint handling

The post FCAC seeks single body for bank complaints appeared first on Investment Executive.

]]> Budget promises reform to banking complaints https://www.investmentexecutive.com/news/from-the-regulators/budget-promises-reform-to-banking-complaints/ Tue, 28 Mar 2023 22:57:14 +0000 https://www.investmentexecutive.com/?p=462946 FCAC charged with selecting single, external complaints body

The post Budget promises reform to banking complaints appeared first on Investment Executive.

]]> Federal regulators fire warning shot on crypto https://www.investmentexecutive.com/news/from-the-regulators/federal-regs-fire-warning-shot-on-crypto/ Wed, 16 Nov 2022 20:39:16 +0000 https://www.investmentexecutive.com/?p=455730 OSFI, FCAC, CDIC call out firms' conduct, prudential responsibilities

The post Federal regulators fire warning shot on crypto appeared first on Investment Executive.

]]> FCAC sanctions CIBC for loan disclosure failings https://www.investmentexecutive.com/news/from-the-regulators/fcac-sanctions-cibc-for-loan-disclosure-failings/ Fri, 28 Oct 2022 14:32:20 +0000 https://www.investmentexecutive.com/?p=454486 Certain fees were not disclosed to borrowers for almost 20 years, regulator alleged

The post FCAC sanctions CIBC for loan disclosure failings appeared first on Investment Executive.

]]> FCAC finds big banks make ‘inappropriate’ product recommendations https://www.investmentexecutive.com/news/from-the-regulators/fcac-finds-big-banks-make-inappropriate-product-recommendations/ Thu, 26 May 2022 19:52:03 +0000 https://www.investmentexecutive.com/?p=445112 Mystery shopping exercise finds consumers felt good despite banks’ poor sales practices

The post FCAC finds big banks make ‘inappropriate’ product recommendations appeared first on Investment Executive.

]]>