IIF Authors

Status: Will be live at 05/29/2019 09:39

FRT Episode 36: Open Banking, Fiduciary Duty & Liquidity

FRT welcomes Mark Zelmer, former Deputy Superintendent at Canadian regulator OSFI and author of the recent UK government report on Co-operative bank. Mark joins us to discuss Canada’s upcoming adoption of Open Banking, and some of the potential impacts in fiduciary duties and for banks’ liquidity. 

Mark relates Open Banking against the backdrop of consumer expectations in terms of deposit insurance schemes, and how this may impact banks, intermediaries and consumers alike. He also discusses the potential rethinking of LCR and NSFR assumptions, and the application of liquidity buffers amid new markets impacts on banks’ traditional funding bases.

Mark also discusses the recent finalization of the Basel III standards, the current context of a low-interest rate environment, the evolution of bank strategies, and the challenges with data literacy throughout society.