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.
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.
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?
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.
Liberal
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.
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.
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.