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ARTICLE · 10 FEBRUARY 2017

Trends In Banking: Steps Towards Modernization

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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As part of our series on current trends across different industries, we look at what's on the horizon for banking in 2017.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
Paul Belanger
Paul Belanger
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As part of our series on current trends across different industries, we look at what's on the horizon for banking in 2017.

Moves Towards Regulatory Modernization

The rapidly evolving nature of banking — and the financial services sector in general — has seen Canada's Department of Finance make several moves towards modernization. What will this look like? With the outcomes of several consultations due over the next few months, we can expect to see a clearer picture develop during 2017.

The broad sweep of last August's consultation document Supporting a Strong and Growing Economy: Positioning Canada's Financial Sector for the Future encompassed everything from the safety of the sector to how it meets the financial needs of consumers and effectively contributes to economic growth. While it was low on detail, the consultation document put forward a starting point for change. It is expected that fintech investment and collaboration will be included as part of this

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