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Allan Goodman quoted in "Canadian competition body to examine FinTech sector", E-Finance & Payments Law & Policy

June-1-2016

Lawyer Allan Goodman
Area Technology

Details

Excerpt from "Canadian competition body to examine FinTech sector":

The Bureau will look at the impact of technology on competition in financial services, examining the barriers to entry or expansion of new technology driven companies, factors influencing the adoption of these new products and services, as well as the state of current regulatory frameworks.

Given the importance of financial services generally to the Canadian economy, the Bureau is interested in deterring anti-competitive conduct that may impede technology-driven new entrants.  The Bureau has in years past taken enforcement action in the financial services industry (i.e. the Interac and Visa and MasterCard cases, bank mergers).

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