Q-888 , 45th Parliament, 1st session May 26, 2025, to present

With regard to the federal government’s oversight of Canadian financial institutions and the measures proposed in Bill C-15, An Act to implement certain provisions of the budget tabled in Parliament on November 4, 2025, sections 333–336: (a) what measures has the government taken since 2015 to ensure that banks compensate victims of fraud, particularly in cases where fraud occurred through methods clearly inconsistent with the customer’s typical transaction patterns or with the facilitation of bank staff or digital vulnerabilities; and (b) what legislative or regulatory changes, if any, is the government planning that would be comparable to the anti-fraud protections comparable to those enacted in Australia or the United Kingdom, such as mandatory reimbursement of fraud victims unless adequate safeguards are proven, binding authority for the Ombudsman for Banking Services and Investments, or mandatory public reporting of violations?