The Fed’s unconventional monetary policies affected Canada through various channels, notably by pushing down market interest rates worldwide. By the same token, as Fed policy returns to normal – which is likely to be a different state than before the crisis – that will tighten financial conditions in Canada. But this will be happening against the backdrop of stronger economic growth.
Considering the inability of the customers to withstand organised electronic crimes, RBI has put in a place a framework for limiting the liability of customers in unauthorised electronic banking transactions as a customer protection measure.