
"The Minister of Finance has been talking to Secretary of the Treasury in the U.S. about the U.S. approach," Macklem said. "I also spoke to chairman Powell ... and I expect those conversations will be ongoing in terms of the substance of the issue."
As Canada grapples with who should take the lead on cybersecurity and national security risks posed by the new technology, Macklem said the Canadian Financial Sector Resiliency Group, which is chaired by the Bank of Canada, has met twice this month, most recently a couple of days ago. Members include the Office of the Superintendent of Financial Institutions (OSFI), the Finance Department, the Canadian Centre for Cyber Security and technology experts from the big banks.