Steven Begg
Executive, Finance Canada (FIN)·0 communications in the past year
Lobbied by
Amex Bank of Canada
1National Anti-Fraud Strategy and Financial Crimes Agency Act, with respect to timely information sharing across institutions and multi-sector approach to combatting fraud. Prohibiting or Restricting Interlocking Directorates in the Financial Sector Consumer Protection: With respect to workable and feasible amendments to laws/regulations including the Financial Consumer Protection Framework, Bank Act, Consumer Driven Banking. Proceeds of Crime (Money Laundering) and Terrorist Financing Act: With respect to requirements and methods of identification, screening, monitoring and reporting for card products Privacy: Bill 27 Digital Charter Implementation Act and Personal Information Protection and Electronic Documents Act (PIPEDA) with respect to workable and feasible amendments to the law, including breach notification requirements. Payment Card Networks Act in terms of price regulations and other matters impacting merchants. Electronic Documents (Bank and Bank Holding Companies) Regulations: In respect of improving and increasing electronic communications between financial institutions and customers Code of Conduct for the Debit and Credit Industry: With respect to workable and feasible amendments to the requirements, including application of the code
CANADIAN FINANCE & LEASING ASSOCIATION
1Engaging with key public officials to highlight the need for a change of paradigm within Canada's financial sector. The change should aim at integrating more indirect finance companies, and their specific abilities, to improve small and medium businesses' access to equipment finance. Ensure the proactive enforcement of stolen vehicle legislation with respect to Canada Border Service Agency's power to search containers for export.. Bank Act Review. Ensuring any amendments to the Bank Act review are not damaging to the leasing industry. Seeking a Parliamentary review of the Mandate of the Farm Credit Canada Amend the Select Luxury Tax Act to exempt all zero emission vehicles Increase the automobile income tax deduction limits and expense benefit rates that will apply in 2025 and beyond. These changes could be done by amending the Income tax Act or accompanying regulations. Seeking better enforcement and inspection by the Canada Border Service Agency of potential stolen vehicle shipments leaving Canada's ports.
Impact Public Affairs
Innovation Credit Union
1Meeting with OSFI to discuss regulatory matters as needed. Meeting with local MP's to discuss Credit Union issues.
The Canada Life Assurance Company
1Healthcare policy and potential legislation relating to employee benefit programs and the cost of pharmaceuticals, and healthcare policy related to virtual care services To ensure that the needs of the financial sector in matters related to human resources as well as its capacity to service customers are properly reflected in legislation, policies and regulations in the context of the COVID-19 public health and economic crisis. The Personal Information Protection and Electronic Documents Act with respect to privacy, customer data, and data security Taxation - discussion of taxation policy for financial institutions. Seeking to raise awareness about prescription drug coverage policy considerations and concerns in context of national universal pharmacare proposals directly and as a participant in the Together for Better Health Coalition. Other related initiatives include high cost drugs for rare disease and PMPRB regulations Review of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act as it relates to insurance contracts. Pension and Retirement products and income security Guidelines of the Office of the Superintendent of Financial Institutions as they relate to insurance companies. Federal Financial Services legislation review, with respect to Financial Institutions policies, infrastructure, open banking, and financial technology Clarification of Goods and Services Tax (GST) / Harmonized Sales Tax (HST) with respect to the treatment of financial services.