The financial services sector would be a vital component of the Canadian economy if measured according to its output and employment alone. It is more than that, however, because the efficiency and effectiveness of the financial sector is critical to economy-wide performance. The financial sector constitutes the infrastructure of commerce; financial intermediation is also the mechanism that facilitates risk-sharing and risk mitigation, as well as regional and intertemporal exchange of financial assets and obligations. These factors warrant special attention to the policy influences on the financial sector’s performance.
The C.D. Howe Institute’s Financial Services Research Initiative is a multi-year program organized by the Institute to report and advise on financial sector policy. Its unique work program addresses the economic environment within which financial intermediation takes place, the regulatory environment, and the future of financial intermediation. The Initiative is informed by regular meetings of experts in the sector, policymakers and supporters engaged in the financial services sector, including financial intermediaries, securities market participants and their regulators, among others. The Initiative is chaired by Edward P. Neufeld. The Initiative’s work program is managed by Finn Poschmann, the Institute’s Vice President, Research, with the assistance of Fellow-in-Residence and Professor Emeritus David E.W. Laidler and Policy Analyst Philippe Bergevin. The Initiative publishes research by prominent scholars from academia, associations, and the private and public sectors.
Edward P. Neufeld
Members and Supporters
Lalit Aggarwal, Manor Park Capital Advisors
James C. Baillie, Torys LLP
Andrew D. Brands, The Great-West Life Assurance Company
TBD, Zurich Canadian Holdings Ltd.
Terry Campbell, Canadian Bankers Association
Bryan Davies, Canada Deposit Insurance Corporation
James C. Davis, Ontario Teachers’ Pension Plan
Patrick Deutscher, Ontario Ministry of Finance
Peter Drake, Fidelity Investments
Bob Dugan, Canada Mortgage and Housing Corporation
Janet Ecker, Toronto Financial Services Alliance
Walter Engert, Office of the Superintendent of Financial Institutions Canada
Mary Filippelli, KPMG LLP
Charles Freedman, Carleton University
Blake C. Goldring, AGF Management Limited
Peter Hall, Export Development Canada
Mathias Hartpence, Sun Life Financial Inc.
Warren J. Jestin, Scotiabank
Sheryl Kennedy, Promontory Financial Group Canada
Brenda Leong, British Columbia Securities Commission
David Longworth, Carleton University
Winsor MacDonell, Genworth Financial Canada
David McGown, Canadian Imperial Bank of Commerce
Howie Millard, TD Bank Financial Group
Jane Pearse, Department of Finance Canada
David Phillips, Credit Union Central of Canada
Greg Pollock, Advocis
Paul Rooney, Manulife Canada
Pierre Siklos, Wilfrid Laurier University
Paul G. Smith, Equity Financial Holdings Inc.
Frank Swedlove, Canadian Life and Health Insurance Association Inc.
Murray J. Taylor, IGM Financial Inc.
Eric Tuer, Bank of Canada
Susan Wolburgh Jenah, President and Chief Executive Officer, Investment Industry Regulatory Organization of Canada
Craig Wright, RBC Financial Group