The federal deposit insurance framework safeguards vital elements of Canada's financial system by protecting Canadians' deposits in the unlikely event of a bank failure.
Today, the government is launching consultations in keeping with its commitment to enhance Canada's robust depositor protection framework to support the evolving needs of Canadians and the banking sector at large.
Maintaining the effectiveness of the deposit insurance framework requires ongoing assessment to adapt to the changing nature of financial systems. This is part of the government's regular reviews of Canada's financial safety net to ensure it remains effective and responsive to emerging risks and continues to promote high levels of public confidence.
The government invites all interested Canadians and stakeholders to review the consultation paper
