OSC Dialogue 2020
What comes next?
November 4, 2020
The global pandemic has underscored the link between the world’s physical and financial health. In this period of uncertainty, what is the role of regulation in fostering the confidence needed for strong markets and economic growth?
Join us at OSC Dialogue 2020 as financial industry leaders, senior regulators and investors come together virtually to discuss how they are working to emerge stronger.
Registration for OSC Dialogue 2020 is now closed. We hope you’ll plan to join us next year.
First elected in 2018, the Honourable Rod Phillips currently serves as the MPP for Ajax, and Ontario’s Minister of Finance. Prior to assuming his role as the Minister of Finance, he was Ontario’s Minister of the Environment, Conservation, and Parks.
He currently serves as the Chair of the Ontario Jobs and Recovery Committee, the cabinet committee responsible for reopening Ontario’s economy and charting the recovery from COVID-19.
In this position, he developed and implemented the government’s strategy to ensure the balance of a healthy environment and a healthy economy. Before entering politics, Minister Phillips enjoyed a successful business career, notably serving as Chair of Postmedia, Canada’s largest news media company.
He also served as Chair of Afiniti Canada, a global artificial intelligence company recently recognized by The Business Insider as one of the “41 hottest AI startups worth at least $1 billion”. Minister Phillips is the former President and CEO of the Ontario Lottery and Gaming Corporation, which reported a then-record profit of over $2 billion during his tenure. He was also a founder of Shepell.fgi, which grew to employ over 5,000 people worldwide. Shepell.fgi was acquired by Morneau-Sobeco in a deal which became the winner of CVCA’s 2009 “Private Equity Deal of the Year” award. The Minister has also served as Chief of Staff in the offices of then-Minister of Labour, Elizabeth Witmer, and former Mayor of Toronto, Mel Lastman.
Born in Newmarket, the Minister has an Honours BA in Political Science and English from the University of Western Ontario, and an MBA from Wilfrid Laurier University.
Grant Vingoe is Acting Chair and Chief Executive Officer and Commissioner of the Ontario Securities Commission following over four years as Vice-Chair of the OSC. He is also Chair of the Policy Coordination Committee of the Canadian Securities Administrators (CSA), the umbrella organization for securities commissions in Canada and a member of the board of directors of the International Organization of Securities Commissions (IOSCO). He is also the Chair of the Joint Regulators Committee responsible for the CSA’s oversight for the Ombudsman for Banking Services and Investments.
Grant is a senior leader and trusted adviser for regulatory agencies and, during his career as a partner in leading global law firms, for issuers and financial services clients. He is a seasoned adjudicator with cross-border expertise and deep knowledge of financial markets.
Grant is a member of the Board of Springboard Danse Montreal, a dance education not-for-profit, and is a member of the Advisory Board of Reach the World, a social studies and geography not-for-profit providing services to primary school children.
Grant holds a J.D. from Toronto’s Osgoode Hall Law School and an LL.M. from the New York University School of Law. He was admitted to the bar in Ontario in 1983 and in New York in 1985.
David Brown returned to Davies Ward Phillips & Vineberg LLP as Counsel following seven years as the Chair and Chief Executive Officer of the Ontario Securities Commission. Prior to joining the OSC, he was a senior corporate law partner with a predecessor firm to Davies Ward Phillips & Vineberg for 29 years, focusing on mergers and acquisitions, corporate finance and reorganization. During his tenure as Chair and CEO, the OSC moved from a government agency to a self-funded Crown Corporation with a renewed mandate to provide effective protection to investors while maintaining strong, efficient capital markets in Canada. David led the expansion and reorganization of the OSC to meet the increasing demands of a changing market. This enabled the OSC to strengthen its resources and to focus its activities on providing a balanced regulatory response to emerging issues.
David has played a significant role in national and international regulatory bodies. He was the founding chair of the Council of Governors for the Canadian Public Accountability Board, a national body he helped form to oversee the audits of Canadian publicly-listed companies. He is the past Chair of the Audit and Assurances Standards Oversight Council, a body formed by the Canadian Institute of Chartered Accountants to oversee the setting of Canadian auditing standards. In 2007 he undertook an independent investigation into matters relating to RCMP pension and insurance plans, and delivered his report, "A Matter of Trust", to the Minister of Public Safety and to the President of the Treasury Board of Canada. He was subsequently appointed chair of a five person task force to examine issues of governance and culture with the RCMP. The task force report and recommendations were delivered to the Minister of Public Safety and to the President of the Treasury Board on December 14, 2007.
David is past Chair of the Technical Committee and former member of the Executive Committee of the International Organization of Securities Commissions. He is a former member of the Public Interest Oversight Board, a body formed by international regulatory and supervisory bodies to oversee the standards-setting and other public interest activities of the International Federation of Accountants.
David received his Bachelor's degree in Civil Engineering from Carleton University in 1963 and his LL.B from the University of Toronto in 1966. He was appointed Queen’s Counsel in 1984, was awarded an honourary doctorate of laws from McMaster University in 2005, was appointed a member of the Order of Canada in 2009 and received the Queen's Jubilee Medal in 2012.
David has served on a number of boards and advisory committees. He is a Director and member of the Funds Advisory Boards for the Invesco Trimark group of mutual funds and a Director of Input Capital Corporation. He is a past Director of Canada Health Infoway and is the former Chair of the Departmental Audit Committee of the federal Department of National Defence and a former member of the Panel of Senior Advisors to the Auditor General of Canada.
David has also been an active volunteer. He is a past Deputy Chair of the Board of Trustees of the University Health Network; a past Chair of the Public Policy Forum; past Chair of the Governance and Leadership Council of the Ontario Hospital Association and a former member of the Dean's Advisory Council for Osgoode Hall Law School and The Dean's Advisory Council for the Wilfrid Laurier University School of Business and Economics. He is a past Director of the Royal Agricultural Winter Fair, the Princess Margaret Hospital Foundation, Cancer Care Ontario, the Ontario Smart Systems for Health Agency and a past Director and President of the Granite Club.
Maureen Jensen has been a leader in the investment industry and securities regulation for more than 20 years. She is the Past Chair and Chief Executive Officer of the Ontario Securities Commission. As the first woman to lead the OSC, Maureen demonstrated that she is a fierce advocate for investor protection and a champion for reducing regulatory burdens on businesses.
Maureen served as the Executive Director and Chief Administrative Officer of the OSC from 2011 – 2016, prior to serving as Chair and CEO from 2016-2020. Before joining the OSC, Maureen was Senior Vice-President, Surveillance and Compliance at the Investment Industry Regulatory Organization of Canada (IIROC) from 2008-2011.
Prior to the formation of IIROC in 2008, Maureen was President and CEO of Market Regulation Services Inc., the independent national market regulation services provider for Canadian equity markets. Maureen has also held senior regulatory and business positions at the Toronto Stock Exchange, and had a career in the mining industry, holding both executive and technical management positions with several resource companies. Maureen is a Registered Professional Geoscientist (P. Geo), holds the ICD.D designation from the Institute of Corporate Directors and has a Doctor of Laws (Honoris Causa). In the mid-1990s, she played an instrumental role on the Mining Standards Task Force, established by the Toronto Stock Exchange and the OSC to improve mining reporting standards.
She has given back to her community in many ways through a lifetime of volunteer and charitable work, and continues to contribute as Vice Chair, Board of Directors at the Toronto Centre for Global Leadership in Financial Supervision, and Vice Chair, Board of Trustees, at the Royal Ontario Museum. She also recently joined Franco-Nevada Corporation as a Board member and FINRA as a public governor. Maureen previously held roles as a Board member for Trillium Health Centre; a founding Councillor, later President, of the Association of Professional Geoscientists of Ontario; director of the Prospectors and Developers Association of Canada, and as a publicly-appointed Councillor of Professional Engineers Ontario.
Mr. Waitzer was Chair of Stikeman Elliott LLP from 1999 to 2006 and remains a senior partner whose practice focuses on complex business transactions. He also advises on a range of public policy and governance matters.
He is a Professor and the Jarislowsky Dimma Mooney Chair in Corporate Governance and is Director of the Hennick Centre for Business and Law at Osgoode Hall and the Schulich School of Business at York University. He served (1993-1996) as Chair of the Ontario Securities Commission and (until 1981) as Vice-President of The Toronto Stock Exchange.
Mr. Waitzer has written and spoken extensively on a variety of legal and public policy issues and serves or has served as director of a number of corporations, foundations, community organizations, editorial boards and advisory groups. He is a Senior Fellow at the C.D. Howe Institute and the Centre for International Governance Innovation (CIGI) and an inaugural fellow of the American College of Governance Counsel. Recipient of 2018 Corporate Knights Award of Distinction.
He earned his LL.B. (1976) and LL.M. (1981) from the Faculty of Law, University of Toronto. Called to the Ontario (1978) and the New York (1985) Bars.
On October 31, 2016, it was announced that Senator Howard Wetston would be appointed to the Senate of Canada, on the advice of Prime Minister Justin Trudeau, to represent the province of Ontario. Senator Wetston assumed office on November 16, 2016.
As a former public servant, lawyer, jurist and executive, Senator Wetston has a breadth of experience and expertise in competition law and policy, securities regulation, energy regulation and administrative law. In 2016, Senator Wetston was awarded the Order of Canada for his significant contributions as a public servant, jurist and regulator.
Senator Wetston holds a LL.B. from Dalhousie University and a B.Sc. from Mount Allison University and has been called to the Bar in Nova Scotia, Ontario and Alberta. Senator Wetston holds the ICD.D designation from the Institute of Corporate Directors and he has also received special recognition as a Board Diversity Champion from Catalyst Canada Honours. Senator Wetston is a Senior Fellow of the C.D. Howe Institute and has served on several advisory boards, including the Program on Ethics in Law and Business at the University of Toronto and the Shannon School of Business at Cape Breton University. Senator Wetston holds honorary doctorate degrees from Cape Breton University and Dalhousie University and he is a proud recipient of the Queen Elizabeth II Diamond Jubilee Medal.
David Wilson began his career in the financial services industry in 1968. Over the next 37 years, he was involved in various banking activities while employed by the Toronto-Dominion Bank, Dominion Securities Corporation and the Bank of Nova Scotia. His most recent position in financial services was with the Bank of Nova Scotia where he was Vice Chair from 2000 to 2005, with executive responsibility for overseeing and leading the global wholesale activities of the bank as Group Head, global trading, investment banking and corporate banking.
In 2005, he was appointed by the Government of Ontario as Chair and CEO of its crown agency, the Ontario Securities Commission, for a five-year term.
He has been a member of a number of corporate boards of directors, including Rogers Communications Inc. (1979 to 2005). He is a member of the board of directors of the Chair of the Board at the Greater Toronto Airport Authority (GTAA) where he was Chair for four years until May 2019, is a director of Cidel Bank of Canada and is on the Advisory Board of Ewing Morris.
During the past 25 years, he has been involved in a number of different community organizations. He has been a director/trustee of the following not-for-profit entities: the United Way of Greater Toronto, the National Ballet of Canada, the Art Gallery of Ontario. He was a member of the Governing Council of the University of Toronto for nine years during which time he served as Chair of the U of T’s Presidential Search Committee and Chair of the Business Board.
He has also been involved in fundraising campaigns for the United Way of Greater Toronto (Chair of Leadership Giving), the United Way of Greater Vancouver, the Art Gallery of Ontario, the Hospital for Sick Children, Victoria University, the Toronto Salvation Army and the Centre for Addition and Mental Health (CAMH).
He has been a member of the Board of Trustees of CAMH for the past eight years. At present, he is Chair of the CAMH Board of Trustees and a member of the board of the CAMH Foundation.
Stan Magidson is Chair and Chief Executive Officer of the Alberta Securities Commission, and possesses extensive experience in corporate governance, mergers and acquisitions and securities law and regulation. Before joining the ASC in July 2016, he was President, CEO and director of the Institute of Corporate Directors and Chair of the Global Network of Director Institutes. Prior, Mr. Magidson was a partner for 21 years with Osler, Hoskin & Harcourt LLP where he advised corporate issuers, investors, financial intermediaries and boards of directors across the country on mergers and acquisitions, corporate governance, securities law and corporate finance matters.
In 1999, he was seconded to the Ontario Securities Commission where he built the team that is primarily responsible for the securities regulation of take-over bids and M&A transactions in Canada.
Mr. Magidson currently serves on the international board of the Weizmann Institute of Science and the board of Weizmann Canada.
Mr. Magidson holds an LL.M in Corporate Law from New York University and an LL.B from the University of Ottawa.
Judith Robertson was appointed the Commissioner of the Financial Consumer Agency of Canada, effective on August 19, 2019, for a term of 5 years.
Ms. Robertson is an experienced leader in financial services, with expertise in technology-enabled businesses, securities markets, investment products and risk management in both established and startup businesses. She has had a diverse career, including 25 years of private sector experience, during which she held senior executive positions with leading financial services firms in Canada, the United States and the United Kingdom.
Ms. Robertson also has substantial experience in regulatory oversight, policy development and adjudication. She served as a Commissioner on the Ontario Securities Commission from 2011 to 2017 and, most recently, was a member of the board of directors of the Financial Services Regulatory Authority of Ontario, from 2017 to 2019.
Ms. Robertson holds an MBA from the Ivey Business School at Western University and an Honours BA in International Relations from the University of Toronto. She is a CFA charterholder and holds the ICD.D designation from the Institute of Corporate Directors.
Jeremy Rudin was appointed Superintendent of Financial Institutions in June 2014, for a seven-year term.
Prior to joining OSFI, Mr. Rudin served for six years as Assistant Deputy Minister, Financial Sector Policy Branch, at the Department of Finance. In this role, he led the development of policy measures to support access to credit during the global financial crisis and contributed to many other financial sector policy issues.
In a public service career that has spanned more than 20 years, Mr. Rudin has held other senior roles in the Economic and Fiscal Policy Branch and Financial Sector Policy Branch at the Department of Finance, and spent a year at the Bank of Canada as Director, Funds Management, in the Financial Markets Department.
Before joining the public service, Mr. Rudin taught economics at the University of British Columbia and at Queen’s University.
As Superintendent, Mr. Rudin represents Canada on the Financial Stability Board Steering Committee and the Standing Committee on Supervisory and Regulatory Cooperation. He serves on the Council of Governors of the Canadian Public Accountability Board and the board of directors of the Canada Deposit Insurance Corporation.
Mr. Rudin is also a member of the board of directors of the Toronto Centre, a not-for-profit organization that promotes financial stability and access to financial services, particularly in emerging markets and low-income countries.
Mr. Rudin earned a B.A. from the University of Toronto, an M.C.R.P. from Harvard University and a Ph.D. in economics from Stanford University.
Walied Soliman is the Canadian chair of Norton Rose Fulbright. He is also co-chair of our Canadian special situations team, which encompasses Canada’s leading hostile and complex M&A, shareholder activism and complex reorganization transactions. He is widely regarded as one of the leading special situations practitioners in Canada. Over the past several years, Mr. Soliman has been involved in almost every major proxy battle in Canada, acting for both issuers and activists. In addition, his practice focuses on mergers and acquisitions, restructurings, financings, corporate governance and structured products.
Sought after for his depth of knowledge and experience, Mr. Soliman was appointed in February, 2020 by the government of Ontario to serve as chair of the Capital Markets Modernization Taskforce, whose mandate was to conduct a full review of the capital markets regulatory regime.
Mr. Soliman was the only lawyer recognized in the Globe and Mail's Report on Business Magazine Power 50 list for 2017; was designated as a "Star Lawyer" by Acritas in 2017 for ranking in the top 28 lawyers globally (over 5,000 lawyers) as selected by a panel of over 3,000 senior in-house counsel; ranked as a leading Canadian corporate lawyer by both Chambers Canada and Lexpert Canada since 2016; named one of the 25 most influential lawyers in Canada by Canadian Lawyer magazine in 2014; ranked by Best Lawyers in Canada since 2013; and was ranked as one of the Top 40 Lawyers under 40 in Canada by Lexpert magazine in 2009. Mr. Soliman sits on the board of the BlackNorth Initiative against anti-Black racism, and among other philanthropic endeavours, he is a board member of the Toronto SickKids Hospital Foundation.
Raymond Chan is the Director of the Investment Funds and Structured Products Branch of the Ontario Securities Commission. He is responsible for regulatory policies on the retail distribution, disclosure and management of investment fund issuers and structured note securities. Raymond is a member of the Committee on Investment Management of the International Organization of Securities Commissions.
Raymond joined the OSC in 2001. He is a CPA and a CFA charterholder. He graduated with a master’s degree in Accounting and a bachelor’s degree in Mathematics from the University of Waterloo.
Pat Chaukos is Director of the new Office of Economic Growth & Innovation at the Ontario Securities Commission. The new Office, a central part of the Ontario Government’s five-point capital markets plan, focuses on accelerating innovation, bolstering capital formation and reducing regulatory burden in Ontario’s capital markets. The Office will expand the work of OSC LaunchPad through deeper engagement with businesses and support for a strong Ontario innovation ecosystem.
Pat has extensive experience with fintech businesses previously leading the OSC LaunchPad initiative (osclaunchpad.ca), managing a team focused on the exempt market, and working with novel business models that include digital assets, online trading platforms, alternative lending platforms and crowdfunding portals. Before joining the OSC, Pat was Vice President, Risk Management & Compliance at Royal Mutual Funds and RBC Investments, and has practiced as both a lawyer and a chartered accountant on Bay Street.
Naizam Kanji is Director of the Office of Mergers & Acquisitions (OMA) at the Ontario Securities Commission. The OMA is responsible for supervising securities regulatory requirements related to take-over bids, defensive tactics, issuer bids, related party transactions, business combinations, shareholder rights and proxy contests. Naizam has been with the Ontario Securities Commission since 2000 and was previously Deputy Director of the Corporate Finance Branch, with primary responsibility for mergers and acquisitions regulation.
Naizam has been a frequent speaker on mergers and acquisitions at conferences and law schools in Canada and the United States. He has also written papers on regulatory aspects of mergers and acquisitions law. Naizam is an Adjunct Professor at the University of Toronto Law School and Osgoode Hall Law School, York University where he co-teaches courses in securities litigation and securities law.
As of January 2019, Naizam is serving as Special Advisor to the Chair on Regulatory Burden Reduction. Naizam is a member of the Expert Advisory Group to the Capital Markets Modernization Task Force.
Sonny Randhawa is Director of Corporate Finance at the Ontario Securities Commission. His team is responsible for regulating corporate issuers and leading issuer-related policy initiatives. The branch also monitors compliance through ongoing continuous disclosure reviews and establishes the regulatory framework for securities offerings in the public and exempt markets. Policy development and supervision activities for insider reporting and credit rating agencies are also covered by the branch.
Since 2009, Sonny has been in various management roles with the OSC and has over 20 years of securities related experience. Prior to joining the OSC, Sonny was a Senior Manager at a multi-national accounting and advisory firm. He is a Chartered Professional Accountant, Chartered Accountant and Certified Public Accountant (Illinois).
Doug Steiner is Executive Advisor, Innovation to the Ontario Securities Commission. As a senior member of the OSC operating team, he is responsible for advising and helping coordinate the OSC’s OEGI Branch design, development and operation, as well as advising the OSC Executive on long term strategy.
Prior to joining the OSC in June 2020, Mr. Steiner was a strategy and operations consultant focusing on the design and use of business models valuing and monetizing data. He has also had a long career in financial technology both as an operator and angel investor in a number of Canadian fintech companies.
Doug also wrote a monthly column in The Globe and Mail’s Report on Business Magazine from 2002 until 2009 and has continued to contribute to The Globe and Mail, and The New York Times as an opinion writer and expert in financial services. In 2016 Doug was inducted in the Investment Industry Hall of Fame by the Investment Industry Association of Canada for his pioneering work in computing technology and its application to data analysis, investment pricing and trading.
Dawn Desjardins joined the RBC Economics team in January 2006. She is a key contributor to the macroeconomic forecasts for Canada and the U.S. and is part of a team that is responsible for the interest rate forecasts for both countries. Dawn delivers economic analysis to RBC’s clients through a variety of publications and presentations. She is often interviewed by media from across North America to discuss developments in the economy and financial markets.
Prior to joining RBC, Dawn worked as a reporter for Bloomberg Financial News in Toronto covering the Canadian bond and currency markets and was the Canadian bond market strategist for a major U.S. bank for ten years. She is a graduate of the University of Toronto.
Frances Donald is Managing Director, Global Chief Economist & Global Head of Macroeconomic Strategy for Manulife Investment Management. In her role, Frances forecasts global macroeconomic and financial trends, analyzes the economy and capital markets for potential opportunities and risks, and serves as a thought leader both within the firm and externally. As a senior member of the asset allocation team, she coordinates global macro research, assists in the team’s return forecasts, and contributes to portfolio positioning views.
Prior to joining Manulife, Frances worked as a financial economist for Scotiabank in Toronto, and before that as a global macro analyst for Pavilion Global Markets in Montreal. Earlier in her career, she held various positions at Deloitte, Roubini Global Economics, and Bank of Canada.
Frances earned a B.A. (Honours) in Economics from Queen’s University and a Master’s in Economics from New York University. She’s a frequent public speaker and regularly appears in international media, including Bloomberg and CNBC.
Mr. Tal is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. He also acts in an advisory capacity to bank officers on issues related to wealth management, household/corporate credit and risk.
Well-known for his ground-breaking published research on topics such as labour market dynamics, real estate, credit markets, international trade and business economic conditions, Mr. Tal not only contributes to the conversation, but frequently sets the agenda.
He has close to 20 years’ experience in the private sector advising clients, industry leaders, corporate boards, trade associations, and governments on economic and financial issues.
National and global media regularly seek him out for his insight and analysis on economic issues that impact financial markets, consumers, corporations and public policy. He is also a frequent lecturer in the economic programs of various Canadian universities.
Mr. Tal is a member of the Economic Committee of The Canadian Chamber of Commerce, The Economic Development Committee of the Toronto Board of Trade. He is also a member of the board of Governors of Junior Achievement of Central Ontario, and a board member of the Toronto Financial Services Alliance.
Rudyard Griffiths is a Senior Fellow at the Munk School and Chair of the Munk Debates, Canada’s premier international debate series. He also chairs the School’s evidence-based provincial government policy initiative, Ontario 360. He is a former TV anchor on BNN, CTV News Network and Bloomberg TV Canada and a columnist with the NATIONAL POST and The Toronto Star. He is the author of The Globe and Mail Book of The Year, Who We Are: A Citizen’s Manifesto.
Wendy Berman is on sabbatical from the law firm of Cassels Brock & Blackwell LLP at which she is partner and where she served as the Chair of the Securities Litigation Group. Ms. Berman is one of Canada’s foremost securities litigators with extensive experience in complex commercial and securities-related litigation, often involving parallel and cross-border regulatory, criminal and class action proceedings, and in litigation relating to proxy contests, takeover bids and other mergers and acquisitions. She has represented public companies and directors and officers in some of Canada’s largest investigations and proceedings involving disclosure violations, insider trading and other fraud-related allegations, corruption and anti-bribery, mergers and acquisitions, proxy contests and corporate governance.
Ms. Berman received the Lexpert Zenith Award honouring leading women lawyers and has been honoured as one of the “Top 25 Canadian Women in Litigation” by Benchmark Litigation on multiple occasions. She co-authored the Canada chapter of The International Investigations Review (5th Edition), published by Law Business Research Ltd. Ms. Berman is a former member of the Securities Proceedings Advisory Committee, the Board of Directors of The Advocates Society, the Board of the Canadian Partnership for Stroke Recovery and the Executive Committee of the Women in White Collar Defense Association.
Ms. Berman has an LL.B. from the University of Toronto. She was called to the bar of Ontario in 1992 and the bar of British Columbia in 2015.
Deana Djurdjevic is the Chief Administrative Officer of the Ontario Securities Commission. In her role, Ms. Djurdjevic is responsible for leading the OSC’s corporate operations and working with senior leadership to develop innovative business models and technology solutions to help the OSC continue to be a modern securities regulator.
Ms. Djurdjevic has more than 20 years of experience in building, leading and transforming businesses and teams in the Canadian capital markets. Prior to joining the OSC, Ms. Djurdjevic was instrumental in launching the Financial Services Regulatory Authority of Ontario’s (FSRA) and developing its technology and process modernization roadmap.
Ms. Djurdjevic has also held senior leadership positions in Canadian marketplaces, such as the TMX Group, where she transformed its equity trading business and implemented novel products and enterprise growth strategies. Additionally, Ms. Djurdjevic was instrumental in the launch of the Alpha ATS at Alpha Group (acquired by TMX Group) and growth of the Institutional Electronic Trading business at E*Trade Technologies Corp.
Leslie Byberg is the Executive Director of the Ontario Securities Commission. In her role, Ms. Byberg is responsible for coordinating and managing the OSC’s day-to-day regulatory operations, including its core functions of compliance, supervision, oversight, enforcement and investor outreach.
Since 2003, Ms. Byberg has held several executive positions at the OSC, most recently serving as Executive Director and CAO from 2016 to 2019, during which she was responsible for overseeing all of the OSC’s regulatory and corporate operations. Prior to that, she was the Director of the OSC’s Strategy and Operations Branch, overseeing the OSC’s business planning, policy prioritization and risk management processes. In this role, Ms. Byberg led the development of the OSC’s Strategic Outlook for 2015-2017, oversaw the first comprehensive review of the Canadian fixed income market and led the OSC’s mystery shop research into the retail investment advice process. Ms. Byberg also served as the Director of Corporate Finance and Director of Investment Funds (now Investment Funds and Structured Products).
Prior to joining the OSC, Ms. Byberg was Senior Counsel, Regulation at the Investment Funds Institute of Canada. Ms. Byberg also worked as an associate lawyer at two Toronto law firms with a practice specializing in investment funds.
Paul Redman is Director of the Regulatory Strategy and Research Branch and Chief Economist at the Ontario Securities Commission. Paul and his team provide the commission and its staff with high quality, actionable insight and analysis of market trends, emerging regulatory issues and potential risks relevant to the OSC’s mandate.
Paul is currently the Chair of IOSCO’s Committee on Emerging Risk (CER). The IOSCO CER provides a platform for securities market regulatory experts and economists to discuss emerging risks and market developments. Projects undertaken by the CER equip regulators with the appropriate tools, data and information needed to identify, monitor and mitigate emerging risks in their jurisdictions.
He has more than 20 years’ experience in the financial services industry. In addition to his experience in regulation/policy he held roles at a major investment dealer, a global financial information provider and one of Canada’s largest insurance companies.
Tim Moseley was appointed a Vice-Chair of the Ontario Securities Commission in 2017, after three years as a Part-time Member of the Commission. He was previously a Senior Vice-President and the global Chief Compliance Officer for the Canadian Imperial Bank of Commerce from 2004 to 2014. Before that, he headed the CIBC’s Canadian compliance operations and had led the litigation groups of CIBC and Merrill Lynch Canada.
From 1995 to 2001, he was litigation counsel in the OSC’s Enforcement branch, with the last two years as Manager of Litigation.
Mr. Moseley is a regular guest lecturer in administrative law in the University of Toronto’s GPLLM and JD programmes, and contributes to adjudicator training programmes offered by Osgoode Professional Development and the Society of Ontario Adjudicators and Regulators. He is Co-Chair of the Laskin Moot, the national bilingual moot court competition in administrative law, and has been a regular guest lecturer on business ethics in the MBA programmes at Queen’s University and York University.
Mr. Moseley holds a B.A. and an LL.B. from University of Toronto, an M.B.A. from Queen’s University, and the ICD.D designation from the Institute of Corporate Directors.
Leadership perspectives: OSC Chair viewpoints
A discussion among esteemed former OSC Chairs sharing lessons on how regulation ensures financial stability and fosters economic growth. Each will discuss the regulatory and economic crises they dealt with during their time leading the OSC. Drawing from their experience, they will give context to the current environment, and provide advice for the regulators of tomorrow.
The role of regulation in rebuilding the economy, supporting growth and advancing investor interests
Prominent Canadian regulators examine the pandemic’s economic effects in their respective areas of the financial landscape. They discuss their priorities for creating a more resilient financial system, and consider the role of regulation in assisting Canadian investors to rebuild their financial lives.
An update from the Ontario Capital Markets Modernization Taskforce
Capital Markets Modernization Taskforce Chair Walied Soliman provides an update on the Taskforce recommendations for overhauling regulation ahead of its final report, which is expected later this year.
OSC Speaks: Fostering innovation
The launch of the Office of Economic Growth and Innovation reinforces the OSC’s commitment to accelerate innovation, strengthen capital formation and reduce regulatory burden in Ontario’s capital markets. Senior OSC staff will discuss the role of the new Office in supporting innovation in the marketplace, and opportunities to evolve regulation in support of new ideas, technologies and services.
Navigating the post-COVID economy: Does anyone have a map?
COVID-19 is likely to be a persistent challenge and source of uncertainty for some time. In this post-pandemic world, economic analysis needs to be done differently. History is not a useful guide in understanding how to analyze event-driven - rather than cyclical - recessions. The scale and speed of COVID-19 impacts have left economists struggling for new models and analytical frameworks. As we approach the one-year anniversary of the first coronavirus cases, what do we now know about the recovery? Are we on the path to fully recover? How will the economy be different going forward?
Continuing Education/Continuing Professional Development at OSC Dialogue 2020
IIROC Continuing Education
Attendance at OSC Dialogue 2020 is eligible for up to 1.00 Professional Development CE credit, and 4.00 Compliance CE credits.
FP Canada Continuing Education
Attendance at OSC Dialogue 2020 is eligible for up to 5.00 Financial Planning Credits.
Law Society of Ontario
Attendance at OSC Dialogue 2020 may be eligible for substantive hours if the sessions are relevant to one’s practice and professional development. For further information, please visit the Law Society of Ontario’s website.
Attendance at OSC Dialogue 2020 may be eligible for substantive hours if the sessions are relevant to one’s practice and professional development. For further information, please visit CPA Ontario Simple Guide to CPD Requirements