( October 23, 2026, 15:26 GMT | Official Statement) -- MLex Summary: Canada’s Competition Bureau has submitted a response to the Department of Finance Canada on proposed consumer-driven banking regulations, saying it “welcomes the proposed regulations and their alignment with a pro-competitive regulatory framework.” The bureau also encouraged policymakers to work towards implementing write access in the CDB framework, ensure operational processes are simple, consistent, and user-friendly, and take steps to ensure that shared data is accurate, complete, consistent, reliable and available, and implement ongoing monitoring and public reporting of competition-relevant indicators. It also suggested Finance Canada and the Bank of Canada to consider whether accreditation, reporting, and compliance requirements are proportionate to the risks posed by different types of participants.See attached file. ...
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