12-Month Lobbying Summary - In-house Corporation

Subject Matters

• Aboriginal Affairs
• Agriculture
• Budget
• Climate
• Constitutional Issues
• Consumer Issues
• Economic Development
• Education
• Employment and Training
• Environment
• Financial Institutions
• Government Procurement
• Health
• Housing
• Immigration
• Industry
• Infrastructure
• Intellectual Property
• Internal Trade
• International Relations
• International Trade
• Justice and Law Enforcement
• Labour
• National Security/Security
• Pensions
• Privacy and Access to Information
• Science and Technology
• Small Business
• Sports
• Taxation and Finance
• Telecommunications

Subject Matter Details

Legislative Proposal, Bill or Resolution

• Bankruptcy and Insolvency Act in respect of its implications for banks.
• Canada Deposit Insurance Corporation Act as it applies to the five year financial system review.
• Canada Labour Code as it applies to banks as employers.
• Discussions relating to the development of Financial Consumer Protection Framework to promote protection for consumers.
• Employment Equity Act as it applies to banks as employers.
• Financial Consumer Agency of Canada Act as it applies to consumer protection.
• Payment Clearing and Settlement Act as it applies to the five year financial system review.

Legislative Proposal, Bill or Resolution, Policies or Program

• Bank Act and other financial services legislation as they apply to financial institutions in the context of the five year financial system review.
• Canada Small Business Financing Act as it applies to credit for SMEs.

Legislative Proposal, Bill or Resolution, Policies or Program, Regulation

• Canadian Payments Act, as it applies to applicable legislative reviews and the government's Payment's Modernization initiative.
• Discussions to understand and determine the nature of the banking industry’s role in facilitating COVID-19 government benefit programs and about the possible challenges associated with COVID–19.
• Initiatives related to gender diversity, inclusion and accessibility as they apply to financial institutions.
• Personal Information Protection and Electronic Documents Act (PIPEDA), the Privacy Act, and any legislation and associated regulations with regard to privacy and security, identity theft risks, use and protection of information.
• The introduction of policies, programs or legislation related to “consumer-directed finance”.

Legislative Proposal, Bill or Resolution, Regulation

• Income Tax Act as it applies to corporate taxation, investment and competitiveness.
• Office of the Superintendent of Financial Institutions Act as it applies to regulation and compliance.

Policies or Program

• Agriculture support programs as they relate to financial institutions.
• Discussion on public policy options for improving the retirement savings system in Canada and further research needs in this area.
• Discussions on policy options to accelerate clean economic growth, enhance sustainability, and solve pressing environmental challenges.
• Discussions on policy options to address the mental health and addiction crisis in Canada.
• Discussions on policy options to align employer and workforce needs with education and training; Expanding Work Integrated Learning Opportunities
• Policies and programs that affect the Canadian housing market and lending practices.
• Support the goals outlined in the National Cyber Security Strategy and collaborate with government, including the Canadian Centre for Cyber Security, to strengthen Canada’s cyber resiliency.
• The financial sector regulatory framework as it relates to electronic payments, credit, debit and interchange rates.

Regulation

• Over-the-counter (OTC) Derivatives: seeking to void duplicative OTC derivatives regulation and negative effects on the competitiveness of Canadian businesses and further negotiations regarding derivatives regulation with foreign regulators in order to avoid duplication of requirements.
• Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations.
• Regulatory review of the proposed acquisition of HSBC Canada.