Evidence of meeting #154 for Public Safety and National Security in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was cybersecurity.
A video is available from Parliament.
5:25 p.m.
Liberal
The Chair Liberal John McKay
Colleagues, I have four minutes, and then we do have to vacate because there's a subcommittee meeting here.
Being the nice guy that I am to Mr. Motz, in spite of his ageism cracks, the time is split between Mr. Picard and Mr. Motz.
You have two minutes each.
Mr. Picard.
5:25 p.m.
Liberal
Michel Picard Liberal Montarville, QC
I have just one question.
Mr. Davies and Mr. Green, what is your understanding of open banking and what is your position from a securities standpoint?
5:25 p.m.
Executive Vice-President and Chief Security Officer, Mastercard Canada
Open banking will provide a lot of great new opportunities but we have to approach it in a way that security is enabled with the new technology that comes from; the new providers that we'll see. I think the government can help with making sure they're holding to a good standard as they deploy their capabilities.
5:25 p.m.
Conservative
Glen Motz Conservative Medicine Hat—Cardston—Warner, AB
I'm going to continue with that.
Michel, thank you, that was a great question.
I wanted Mr. Davies to answer.
5:25 p.m.
National Financial Services Cyber Leader, EY
No, it's all right.
I know the Department of Finance is working on a special paper right now on open banking both from a deployment regulation and a security standpoint. As Mr. Green said, to embed security from the outset will be important. The U.K. has already done quite a bit of open banking so it would behoove us to look at what they've done today and the lessons learned.
5:25 p.m.
Liberal
The Chair Liberal John McKay
On behalf of the committee I want to thank each of you for an excellent presentation. It was very informative.
What that, the meeting is adjourned.