The four-member advisory committee recommended users have control of their financial-transaction data; that the government consider privacy, security and innovation when setting rules; and that it establish an accountability mechanism for breaches. Finance Minister Bill Morneau announced that the group will now study data security in financial services, and report its findings “later this year.” (The Logic)
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.

News
Caisse writes off US$150M Celsius investment after crypto lender’s collapse
Briefing
U.S. bankruptcy office wants independent Celsius probe
Bell Media to conduct third-party review after criticism of Lisa LaFlamme dismissal
Limit exposure to crypto, OSFI tells Canadian banks and insurers
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.