March 20, 2018 / 2:29 PM / a year ago

Canadian regulator says investigating market conduct breaches by banks

TORONTO, March 20 (Reuters) - Canada’s financial watchdog said on Tuesday it is investigating breaches of market conduct obligations by banks following a review of sales practices within the industry.

The Financial Consumer Agency of Canada (FCAC) also said its study found that the retail banking sales culture within banks may raise risks for consumers and financial incentives to staff may increase the risk of mis-selling.

Reporting by Matt Scuffham

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