The Bank of Canada is responsible for the oversight of the financial market infrastructure under what Act?

Question

Quizplus · Accepted Answer

The Payment Clearing and Settlement Act (PCSA) is the act that gives the Bank of Canada the authority to oversee and regulate the financial market infrastructure in Canada, including payment systems and clearing and settlement systems. The Bank of Canada Act gives the Bank its general powers and mandates, but it does not specifically address the oversight of financial market infrastructure. The Securities Act primarily focuses on the regulation of securities and related markets, while the Bank Act sets out the regulatory framework for banks and other financial institutions.

The Bank of Canada Is Responsible for the Oversight of the Financial