Open banking, which is designed to allow customers to easily share data held by their banks with third parties, has been attracting considerable attention in recent months. The Standing Senate Committee on Banking, Trade and Commerce conducted a study on open banking this spring with a report released in late June. I was invited to appear before the committee to discuss regulatory concerns, particularly with respect to privacy and data protection. Given that it is a holiday week in Canada for Canada Day, this week’s podcast adopts a different approach with excerpts from that appearance, including my opening statement and the ensuing discussion with several senators on the need for regulatory reforms.
The podcast can be downloaded here and is embedded below. A transcript of the appearance can be found here. Subscribe to the podcast via Apple Podcast, Google Play, Spotify or the RSS feed. Updates on the podcast on Twitter at @Lawbytespod.
Episode Notes:
Senate Report – Open Banking: What it Means for You
Transcript of Senate Standing Committee on Banking, Trade and Commerce
Credits:
Senate Chamber, June 19, 2019
Open Banking, What Is Open Banking
PwCCanada, Canadian Banks: CEO Spotlight with Darryl White, CEO of BMO Financial Group
TikTok has found itself at the centre of a global geo-political fight between the United States and China. U.S. President Donald Trump, citing privacy,...
The Canadian copyright review conducted earlier this year heard evidence on a remarkably broad range of issues. One issue that seemed to take committee...
The Law Bytes podcast is back after a brief break, and with it, talk about the Online News Act or Bill C-18. All news...