Experts have been invited to the symposium from across Canada, the US, Europe and Australia in an effort to lay the foundation for a national consensus regarding Canadian securities regulation. This is the first of a national symposium series focused on Canadian capital markets and is part of the new Canadian Foundation for Investor Education (CFIE) created by the Toronto Stock Exchange.
Global competition in the securities industry is fierce and Canada must be proactive. The City of Toronto feels that a gathering, of industry participants from all segments of the financial services sector, to discuss and debate a key aspect of capital markets will truly help the process.
City Council itself has been pivotal in the creation of the newly formed Toronto Financial Services Alliance (Toronto FSA) -- a group whose mandate is to enhance the long term competitiveness of Toronto as a financial services centre. The Toronto FSA team consists of members of the financial services sector, government, educational institutions and affiliate business services. The group is slated to present its key findings later this year.
"We welcome participants to the symposium on Canadian securities regulation and wish them much success. The Toronto Financial Services Alliance is also looking at issues related to the need for a unified national securities regulation system. The City and the Toronto FSA will be most interested in the day's findings," noted Brenda Librecz, Managing Director, Economic Development Division.
