The Bank of Canada helps manage the benefits and risks of fintech at the international level (with work on the Financial Stability Board and on the Bank for International Settlements Committee on Payments and Market Infrastructures and Basel Committee on Banking Supervision).

The Bank of Canada is not a banking regulator. We have oversight authority only for financial market infrastructures designated as systemically important or as prominent payment systems.

The Bank doesn’t have regulatory authority over fintech startups looking to enter the market.