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


Credit

Insurance

Financial Services Regulatory Authority of Ontario (FSRA)

Financial Services Regulatory Authority of Ontario (FSRA)'s headquarters in North York, Canada

This department focuses on analyzing and managing the financial risks associated with insurance and pension plans.

Actuarial Services

The Risk Management and Compliance team at the Financial Services Regulatory Authority of Ontario (FSRA) is responsible for identifying, assessing, and mitigating regulatory risks to ensure high standards of business conduct within the financial services sector. This team enforces compliance with regulations across various financial entities such as insurance companies, credit unions, mortgage brokers, and pension plan administrators. They also manage relationships with regulated entities, coordinate national regulatory efforts, and address emerging risks to maintain market trust and consumer protection.

Risk Management and Compliance

This department provides legal advice and support for various organizational matters and compliance issues.

Legal Services

This department focuses on developing and managing policies, ensuring compliance, and optimizing operational processes across the organization.

Policy and Operations

This department manages and oversees compliance activities to ensure adherence to regulations and standards across various sectors.

Compliance Department

The Senior Managers team at the Financial Services Regulatory Authority of Ontario (FSRA) is composed of leaders overseeing critical departments and functions within the organization. Their roles include managing and guiding initiatives related to IT, HR, insurance investigations, business platforms, pension policy, licensing approvals, mortgage broker conduct, communication services, strategic policy, media relations, life and health companies, enterprise architecture, financial planning and analysis (FP&A), and software development. Each Senior Manager ensures their respective areas align with FSRA's mission to protect consumers and pension plan beneficiaries while fostering a sustainable and competitive financial services sector in Ontario.

People (10)

Jobs (0)

Other teams

Risk Management and Compliance

Legal Services

Policy and Operations

Compliance Department

Senior Managers