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August 3, 2016

The fault lines from a major earthquake in Canada could quickly spread through the insurance industry and have a systemic financial impact, according to a new report from the C.D. Howe Institute. In “Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk,” author Nicholas Le Pan, former federal Superintendent of Financial Institutions, urges policymakers to take several steps now to avert this chain of events.

Pour lire ce rapport en français, cliquez ici.

Nicholas Le Pan
Nicholas Le Pan

Mr. Nicholas D. Le Pan served as a Superintendent of Financial Institutions for Canada from 2001 to 2006 and as a Deputy Superintendent, Office of the Superintendent of Financial Institutions, Canada (OSFI) since May 2000. Since May 2007, Mr. Le Pan served for federal government as a Senior Expert Advisor to the RCMP on its white-collar crime unit, the Integrated Market Enforcement Teams.