People: Bank of Canada appoints top payments regulator

Bank of Canada facade

Canada: The Bank of Canada has appointed Ron Morrow to fill a new executive director post in charge of payments regulation.

The central bank’s board of directors created the post to meet its new responsibilities under the Retail Payments Activities Act. This statute, which received final approval in late June, makes the Bank of Canada the default regulator for payment providers.

Morrow’s role will be to develop the payments regulation system and to hire the personnel overseeing it. He will

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