2 ms·
As a Canadian, I'm strongly in favour of a heavily regulated banking sector[1][2]. The report[3] mostly just describes that banks need to figure out some kinda
by neom 5y ago
As a Canadian, I'm strongly in favour of a heavily regulated banking sector[1][2]. The report[3] mostly just describes that banks need to figure out some kinda API that allows me to authorize apps to access everything I could access from the front end. Seems reasonable? The report is good, and the orignal recommendation report from 2019 is also quite good.[4]
[1] https://cba.ca/global-banking-regulations-and-banks-in-canada https://cba.ca/global-banking-regulations-and-banks-in-canad... (I realize this is effectively banking regulator propaganda, nevertheless, facts are there)
[2] https://www.brookings.edu/research/know-thy-neighbor-what-canada-can-tell-us-about-financial-regulation/ https://www.brookings.edu/research/know-thy-neighbor-what-ca...
[3] https://www.canada.ca/en/department-finance/programs/consultations/2021/final-report-advisory-committee-open-banking.html https://www.canada.ca/en/department-finance/programs/consult...
[4 ]https://www.canada.ca/en/department-finance/programs/consultations/2019/open-banking/report.html https://www.canada.ca/en/department-finance/programs/consult...