May 14, 2026
What does the Bank of Canada do?
The Bank has five main areas of responsibility that affect Canadians’ everyday lives.
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May 14, 2026
Retail payments
We supervise payment service providers under the Retail Payment Activities Act. We make sure providers meet risk management requirements and keep your funds safe. Payment service providers are required to register with the Bank and to comply with requirements for operational risk management and safeguarding end-user funds. -
May 14, 2026
Consumer-driven banking
Under the Consumer-Driven Banking Act, we are responsible for supervising the participation of financial institutions, credit unions, payment service providers, fintechs and third-party service providers. -
May 14, 2026
Stablecoins
Under the Stablecoin Act, we will regulate non-financial institutions that issue stablecoins to Canadians. -
May 14, 2026
Financial market infrastructures
Under the authority of the Payment Clearing and Settlement Act, we conduct regulatory oversight of financial market infrastructures designated as having the potential to cause risk for the Canadian financial system as a whole, whether operated from Canada or from abroad. -
May 14, 2026
Regulatory oversight
We oversee Canada’s payments and financial market infrastructures to ensure they are safe, resilient and stable. We also support the evolution of the payments ecosystem, including new mandates for stablecoins and consumer‑driven banking. -
May 14, 2026
What is a central bank?
A central bank works to promote a country’s economic stability and its citizens’ financial well-being. -
May 14, 2026
Resources for payment service providers
Access all supervisory policies and guidelines, FAQs as well as other materials related to the Retail Payment Activities Act (RPAA) and the Retail Payment Activities Regulations. -
May 14, 2026
Supervisory framework
Know your requirements as an applicant or as a registered payment service provider and find out how we will assess compliance under the Retail Payment Activities Act. -
May 13, 2026
Addition of One Government Securities Distributor for Government of Canada Securities
The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new Government Securities Distributor (GSD) for Government of Canada marketable bonds and treasury bills.