ARTICLE · 30 AUGUST 2016

Government Launches 2019 Financial Sector Review

Norton Rose Fulbright Canada LLP

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The paper concludes by inviting comment on certain high level policy questions.

CanadaFinance and Banking

Norton Rose Fulbright Canada LLP

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On August 26^th, the federal Department of Finance launched a review of the legislation governing banks, insurance companies and trust companies under federal jurisdiction by issuing an initial consultation paper. The initial paper sets out some key facts relating to the sector and comments on trends that are currently impacting and are expected to continue to impact the sector. The paper concludes by inviting comment on certain high level policy questions.

As most financial institutions are, at least in part, governed by federal legislation, the 2019 review could have wide-ranging implications for the sector. Comments on the questions set out in the paper are due by November 15, 2016.

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