C-15 (BUDGET IMPLEMENTATION ACT 2025), THIRD READING

Senator Deacon spoke to the 2025 Budget Implementation Act, highlighting specifically the enactment of the Consumer-Driven Banking Act, the Stablecoin Act, amendments to PIPEDA enabling a data mobility right, insufficient amendments to the Bank Act to prevent fraud and his views on the Red Tape Reduction Act amendments enabling the use of “regulatory standards”.

He also paid a tribute to Andrew Moor, CEO of Equitable Bank, whose contributions to moving “Open Banking” in Canada forward were notably. Mr. Moor sadly passed away in June 2025.

To read the transcript of the speech / watch the video, click here.