Candid Conversations for Financial Markets

The conversation examines the Report’s findings. Central to the discussion is the distinction between regulatory compliance and effectiveness: are Canada's rules producing meaningful enforcement and deterrence?

Guest:

Salvator Cusimano

Executive Director of Transparency International Canada

Recorded ahead of the Report's release, the conversation examines Canada's historical performance, weaknesses in beneficial ownership transparency, the challenges posed by legal professional privilege, and the proposed creation of a federal financial crimes agency.

The discussion also considers the economic and reputational consequences of inadequate safeguards, the importance of coordinating enforcement across jurisdictions, and whether regulatory obligations are sufficiently focused on actual risks.

Guest:

Salvator Cusimano

Executive Director of Transparency International Canada

With Canada’s Consumer-Driven Banking Act receiving Royal Assent in March 2026, and draft regulations now released, Canada’s consumer-driven banking framework, also known as open banking, is beginning to take shape.

In this episode, we examine the legislation and key elements of the draft regulations, and whether its policy objectives of improving financial outcomes for people and businesses are being met.

Guests

Abhishek Sinha
Banking & Capital Markets, Partner | EY Canada

Puneet Mann
Banking & Capital Markets, Partner | EY Canada

In this episode, we explore why today’s venture capital market looks fundamentally different from previous cycles and the role artificial intelligence is playing in this transformation.

The conversation includes:

• Changing patterns of venture capital allocation globally.
• Where investment is concentrating and how that is reshaping the broader venture ecosystem.
• How companies are accessing liquidity in a challenging exit environment and
• The growing role of venture secondaries.

Guest

Miguel Luiña
Managing Director, Co-Head of Venture Capital & Growth Equity, Hamilton Lane

A quarter century after the Personal Information Protection and Electronic Documents Act (PIPEDA) reshaped Canada’s privacy landscape, Ottawa is proposing a sweeping overhaul.

On June 15, 2026, the federal government introduced Bill C-36, legislation that would replace the private-sector privacy framework established under PIPEDA with a new regime: the Protecting Privacy and Consumer Data Act (PPCDA).

In Part II of this two-part podcast series, we examine the practical implications of the proposed PPCDA, including enhanced consent requirements, greater transparency around automated decision-making, expanded rights to data deletion and mobility, and a new framework for de-identified and anonymized information.

We also explore heightened expectations surrounding cross-border data transfers, third-party service provider oversight, privacy management programs, and security safeguards—and what these changes could mean for organizations as they prepare for a new era of privacy regulation in Canada.

Guest: Stephen Burns, Partner, Bennett Jones LLP

A quarter century after the Personal Information Protection and Electronic Documents Act (PIPEDA) reshaped Canada’s privacy landscape, Ottawa is proposing a sweeping overhaul.

On June 15, 2026, the federal government introduced Bill C-36, legislation that would replace the private-sector privacy framework established under PIPEDA with a new regime: the Protecting Privacy and Consumer Data Act (PPCDA).

In Part I of this two-part podcast series we focus on why the government is pursuing privacy reform now, how the PPCDA is different from the current PIPEDA regime, the recognition of privacy as a fundamental right, and the introduction of private right of action for Canadians.

Guest: Stephen Burns, Partner, Bennett Jones LLP

This podcast sets out the impact of tokenization as a reconfiguration of specific parts of the capital markets value chain from issuance through to post-trade.

It addresses where the frictions, skepticisms and opportunities lie.

Duane Block, Managing Director with Alvarez & Marsal’s Crypto Advisory practice in Chicago speaks about why tokenization matters and its impact on market structure.

The topics covered on this podcast also include:

• Foundational Token Models
• Raising Capital and Connecting with Investors
• The Secondary Market
• Settlement, Clearing, Custody, Servicing

Corporate spinoffs—known in Canada as “butterflies”—are a powerful tool for unblocking capital and sharpening competition. They let companies separate business lines so each can focus, invest, and compete more effectively.

In this episode we explain how spinoffs work in Canada and the U.S., why they matter for competition and capital markets, and what policy and tax design should do to make sure breaking up isn’t hard to do.

Guest: Manu Kakkar | President, Kakkar CPA Professional Corporation

Based on the Competition Bureau’s “Your Data, Your Control,” this episode connects policy to day-to-day outcomes.

Canada is moving toward “your data, your rules.” That shift could reshape how you bank, shop, and compare prices.

The big idea: data portability lets you take your information with you securely so switching providers is easy, competition heats up, and better products show up faster.

This episode gets practical about what a working framework needs to overcome in human behavior, privacy guardrails and system design..

Guest: Azza Raslan | Acting Manager of Competition Law with the Competition Bureau’s Policy, Planning and Advocacy Directorate

Tokenization—the representation of financial and private assets as digital tokens on a blockchain or distributed ledger—is moving from concept to reality. Across the financial services landscape, tokenization is more than a technological shift but emerging as a structural evolution with the potential to fundamentally transform how financial products are created, distributed, and serviced.

Join us for a strategic, forward-looking discussion as we examine:

• Who is leading the charge.
• What is driving the momentum.
• Implications for industry participants – asset managers, wealth managers, custodians.
• The real-world benefits.
• Operational realities and execution challenges.
• Broader market impacts and competitive dynamics.
• Regulatory developments in major markets.

Guest: German Soto | Chief Product & Digital Assets Officer | Broadridge Financial Solutions, Inc.