Financial Services Regulatory Authority of Ontario (FSRA)
Sushmita Pandey is an experienced compliance professional currently serving as a Senior Compliance Officer at the Financial Services Regulatory Authority of Ontario (FSRA) since November 2020. Prior to this role, Sushmita held positions at Sun Life as an AML/ATF Analyst and Compliance Analyst from July 2018 to November 2020, and at Scotiabank as a Financial Advisor from July 2014 to July 2018. Sushmita began the career as an Underwriter at American Express from July 2010 to July 2011. Sushmita holds a Certified Anti-Money Laundering Specialist credential from ACAMS and has an MBA in Finance from Indira Gandhi National Open University, completed in 2011, along with education from CIFP and Centennial College.
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Financial Services Regulatory Authority of Ontario (FSRA)
The Financial Services Regulatory Authority of Ontario (FSRA) is a new, independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario. FSRA was established to replace the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario (DICO). The agency is flexible, self-funded and designed to respond rapidly to an evolving commercial and consumer environment. In this capacity, FSRA will: • Promote high standards of business conduct • Foster a sustainable, competitive financial services sector • Respond to market changes quickly • Promote good administration of insurance and pension plans • Encourage innovation The newly created agency protects Ontarians by regulating: • Property and casualty insurance • Life and health insurance • Credit unions and caisses populaires • Loan and trust companies • Mortgage brokers • Health services providers (related to auto insurance) • Pension plan administrators • Financial planners and advisors For more information, visit www.fsrao.ca