Canada’s banking regulator to probe foreign interference at lenders ...Middle East

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Open this photo in gallery: Bank towers in Toronto’s financial district on June 16, 2010.Adrien Veczan/The Canadian Press Canada’s banking regulator is expanding its mandate to begin probing issues of foreign interference and national-security issues at the country’s largest banks and insurers by early next year. Peter Routledge, head of the Office of the Superintendent of Financial Institutions (OSFI), said Tuesday that the regulator will add new oversight of non-financial risks as geopolitical tensions escalate. OSFI plans to monitor ways that foreign actors could “infiltrate Canadian financial institutions’ networks to steal sensitive financial data” and banks “could become conduit

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