Department of Finance Canada Launches Deposit Insurance Review Consultations

September 16, 2016 – Ottawa, Ontario – Department of Finance Canada

The Government is committed to maintaining a well-functioning deposit insurance framework, which promotes public confidence in the financial system and financial stability for middle class Canadians and their families.

The Canadian financial system is among the strongest and most resilient in the world, and continues to be effective at protecting depositors. Even so, the global banking landscape has changed over time, with the most significant changes occurring after the 2008 financial crisis. This includes changes to deposit products offered by financial institutions.

The Department of Finance Canada today launched a consultation process on the deposit insurance framework to ensure it continues to meet the evolving marketplace in the Canadian financial sector. The consultation process will help determine if the scope of products targeted requires adjustments. The consultation will further ensure that the deposit insurance framework will continue to serve Canadians most effectively.

Individuals or organizations interested in submitting their views are invited to review the consultation document at the link below.

Written comments should be forwarded by November 30, 2016 to DepositInsuranceReview-ExamenDuCadreDAssuranceDepots@canada.ca or to:

Financial Systems Division
Financial Sector Policy Branch
Department of Finance Canada
90 Elgin Street
Ottawa, Canada
K1A 0G5

Consultation Document

Media Contacts

Annie Donolo
Press Secretary
Office of the Minister of Finance
613-769-7187

Media Relations
Department of Finance Canada
613-369-4000

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