Changes in Pension Regulation: What’s Coming and What it Means
Webinar with Mark Brisson, Chris Elgar and Mark White
On Wednesday, February 9, join the C.D. Howe Institute to hear a panel of regulators from Alberta, Ontario and British Columbia discuss upcoming changes to pension supervision and regulation. The panelists will present on regulatory trends and responding to changes in ways that advance prosperity and protect Canadians’ retirement savings.
C.D. Howe Institute events and webinars are open to members and their guests.
Mark Brisson, Assistant Deputy Minister and Superintendent of Insurance and Pensions, Government of Alberta
Over his 23 year public service career, Mark has held positions in both Alberta and British Columbia provincial governments and health systems. He has led business, technology, and
policy transformation initiatives at regional, provincial and pan-Canadian levels of the public sector. As the Assistant Deputy Minister of Financial Sector Regulation and Policy Mark is responsible for the regulation and supervision of insurance companies, registered private sector pension plans and the strategic policy related to the delivery of the mandate for Alberta Gaming, Liquor and Cannabis and Horse Racing Alberta. Mark most recently served as the Assistant Deputy Minister of Corporate Planning and Red Tape Reduction where he was responsible for strategic and business planning, and leading government’s efforts to cut unnecessary government red tape by one-third to reduce costs, speed up approvals, and improve the lives of Albertans and Alberta businesses. Prior to joining Treasury Board and Finance, Mark served as Corporate Chief Information Officer (CIO) and Senior Assistant Deputy Minister of the Office of the Corporate Chief Information Officer in Service Alberta where he led the transformation of a centralized Information Management and Technology (IMT) service delivery model across the Government of Alberta. In addition, also served as department CIO for Health and the Assistant Deputy Minister of two large divisions in IMT and Health Workforce. He has also served as acting Deputy Minister of Service Alberta in 2014, 2015, and 2017.
Mark holds Bachelor Degrees in Economics and Health Information Science and professional certificates in project management and public sector policy. Away from the workplace, Mark enjoys being a coach and mentor in the St. Albert hockey and baseball communities.
Chris Elgar, Senior Vice President, Supervision, BC Financial Services Authority
Chris Elgar serves as Senior Vice President of Supervision with BC Financial Services Authority (“BCFSA”). With an impressive track record spanning 40 years in the finance industry, Chris has extensive experience in governance, risk management, and treasury. He leads a dynamic team of more than 60 professionals responsible for conducting risk assessments of BCFSA’s provincially regulated financial institutions (“PRFIs”).
Chris plays an instrumental role in advancing BCFSA’s goal to become a modern, effective, and efficient financial services regulator. He has helped modernize and enhance the organization’s supervisory capacity and approach. An influential and engaging leader, Chris is committed to strengthening consumer protection and fostering increased public confidence in B.C.’s financial services sector.
Before joining BCFSA and its predecessor the Financial Institutions Commission, Chris held executive and senior management roles with some of Canada’s leading financial institutions including one of the big-five banks. His background includes 17 years’ experience in capital markets trading in Singapore, Tokyo, and London, where he ran trading operations for Europe and Asia.
Chris spent more than eight years with the Office of the Superintendent of Financial Institutions (“OSFI”), where he worked as Relationship Manager for two major banks. He also headed OSFI’s capital markets risk assessment group during the 2008/2009 global financial crisis. He later served as Chief Risk Officer with Manulife Bank, where he established its enterprise risk management framework.
Chris earned an MA in Economics and an MBA in Finance from the University of Windsor. Dedicated to giving where he lives, Chris serves on several non-profit associations including Habitat for Humanity and the Kidney Foundation of Canada.
Mark White, Chief Executive Officer, Financial Services Regulatory Authority of Ontario
Mr. White is an accomplished leader in the regulatory and financial sectors. With a strong background in regulation, risk management, governance, law, finance, change management and process improvement, he is uniquely positioned to drive the transformation of financial services regulation in Ontario.
Before joining FSRA in 2018, Mr. White held several senior positions at the Bank of Montreal in Toronto and Chicago, most recently as BMO’s Senior Vice President & Head Enterprise Risk.
Prior to BMO, Mark served as the Assistant Superintendent, Head of Regulation Sector at Canada’s bank and insurance regulator, the Office of the Superintendent of Financial Institutions (OSFI) until 2011.
After business and law school and working as an accountant, Mr. White began his legal career at Faskens in 1987, practicing business law. From 1992-1997, he was an SVP, Legal Director and Chief Counsel at AT&T Capital subsidiaries in Canada and, thereafter, throughout Europe. In 1997 he moved to Ernst & Young where he became a legal services partner in the management consultancy. In 2001 he joined RBC Capital Markets, rising to become a Managing Director and the Global Head of the Strategic Transactions Group from 2004-2008.