Our office does have a mandate to look at federally regulated institutions like our banks. The office does have an oversight role with respect to banks, as well, and the protection of privacy in banks.
I would add that the banking world is changing. We have the potential for open banking internationally, and coming to Canada, too, which will change business models and the way personal information and data flow among financial institutions. This is also extraordinarily consequential with lots of implications.
The bottom line is that the standards, regulations and laws have to be adapted for this evolution, which is both technological and also in business models. They have to be in place before major changes take place.