Finance committee  It's a modernization of the term, given recent experience.

Finance committee  Rob will take that.

Finance committee  Thank you for your question. As you've noted, the Canadian Payments Association is the owner and operator of Canada's national clearing and settlement infrastructure. Through the amendments we are proposing to the Canadian Payments Act, we will be implementing changes to the CPA

Finance committee  It isn't oversight per se. The Canadian Payments Association, as I said, owns and operates the systems that are used by Canadian financial institutions to exchange value among themselves. It's just to ensure that decisions made by the Canadian Payments Association's board will re

Finance committee  Thank you.

Finance committee  Not specifically. In terms of our review of the Payment Clearing and Settlement Act, we've looked at expanding the definition of systemic risk to be more consistent with recent international principles coming from the Bank for International Settlements and the committee there to