There are some important recent regulatory developments that have the potential to make a very positive impact on Canada's ability to become a global fintech hub.
Many believe that Canada has the potential to become a leading, if not the leading, global fintech hub. While the Canadian financial services regulatory system has helped to protect Canadians and their financial institutions from disruption and financial setbacks, our regulatory system has also perhaps not contributed to the development of the most robust fintech sector compared to our global competitors.
There are some important recent regulatory developments that have the potential to make a very positive impact on Canada's ability to become a global fintech hub. A description of recent regulatory developments and some thoughts on what else we can ask our public policy makers to do to help to create the optimal regulatory environment for fintech in Canada are discussed in this Bulletin.