Bank of Canada may ‘expand’ payments oversight
Central bank working with department of finance on new framework
The Bank of Canada could be charged with the oversight of "prominent" payment systems in the country, according to one of its deputy governors, Lawrence Schembri.
Schembri told the Canadian Payments Association that the central bank was working with the department of finance to "develop a new comprehensive framework for the oversight of payment systems".
"In this vision, the Bank of Canada may play a larger role by overseeing prominent payment systems, in addition to those that are systemically
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