Policy-makers should update cyber regulations – Bank of Canada official

The Bank of Canada should consider updating cyber regulations to strike the right balance between privacy and competition in the financial sector, a senior bank of Canada official said.

Filipe Dinis, the central bank’s chief operating officer, said its regulatory framework should encourage greater collaboration and sharing of cyber threat information and best defence practices.

“Our regulatory framework can be strengthened by putting in place trusted, secure channels to transmit this kind of

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