The Financial Services Council of Canada has appointed Joe Oliver, president and CEO of the Investment Dealers Association of Canada, as council chairman at its fall council meeting. Oliver succeeds inaugural chairman Mark Daniels who has completed his one-year term.
The FSCC is made up of associations representing Canada’s financial services sector, including the Canadian Bankers Association, the Investment Funds Institute of Canada the Canadian Life and Health Insurance Association, the Insurance Bureau of Canada, the Investment Dealers Association of Canada and, on an observer basis, the Credit Union Central of Canada. It was first established in February 2002.
The council works to better coordinate efforts on legislative, regulatory and policy issues in which its member associations have a common interest.
Its primary purposes are:
- to provide a forum to address broad issues affecting the overall role of the financial services sector in Canada’s economy;
- to coordinate work on legislative, regulatory and policy issues of common interest; and
- to use industry resources more efficiently through avoiding duplication of effort on common issues.
“We look forward to working with governments and regulators to make our regulatory system more fair and efficient in order to better serve financial consumers and providers,” said Oliver, in a news release. “We will also be addressing common economic and fiscal policy matters, as well as cooperative support for the newly created Financial Services OmbudsNetwork”.