The Minister of Finance appointed a three-member Expert Advisory Panel to examine the mandates of three key financial regulatory organizations: The Financial Services Commission of Ontario (FSCO), the Financial Services Tribunal (FST), and the Deposit Insurance Corporation of Ontario (DICO).
The Panel has completed the review and now present their Final Report.
In light of the size, scope, and functions of the three agencies, and to facilitate consultation, the Panel issued an April 2015 Consultation Paper before holding a series of roundtable discussions with stakeholders.
In November 2015, the Panel presented their Preliminary Position Paper as the next step in the consultation process. The observations and recommendations reflected in the paper were preliminary in nature, and were expressed to facilitate a continuing dialogue. The Panel received 50 written submissions in response to the paper.
Submissions received by the Panel from interested parties are available upon request. Please email FIPBmandatereview@ontario.ca.