April 13, 2024


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FSRA names new board member

FSRA names new board member | Insurance Business Canada

She joins the board for a two-year term

Insurance News

Mika Pangilinan

The Financial Services Regulatory Authority of Ontario (FSRA) has appointed Lucie Tedesco (pictured) to its board of directors for a two-year term.

Tedesco is a bilingual financial services with over 34 years of experience in financial sector policy and regulation, governance, risk management, law, strategy and operations, and consumer protection.

She has served as commissioner and deputy commissioner of the Financial Consumer Agency of Canada. She is serving a strategic adviser and counsel at McCarthy Tétrault LLP in the Banking and Financial Services Regulatory Group until September.

Tedesco also held key positions with Export Development Canada, including vice president of insurance and loan operations, as well as vice president of strategy and planning.

Additionally, she has served on the boards of the Investment Industry Regulatory Organization of Canada and the Canada Deposit Insurance Corporation, in addition to being chair and vice chair of the International Financial Consumer Protection Organisation.

FSRA chair Joanne De Laurentiis expressed her confidence in Tedesco’s appointment, citing her legal background and deep understanding of regulatory matters as significant assets.

“Lucie is an accomplished lawyer with a deep knowledge of regulatory matters and financial sector policy,” said De Laurentiis.

“She has considerable experience in banking, insurance, payments, external complaint bodies, market conduct, consumer protection and regulatory technology. Her experience as former commissioner of the Financial Consumer Agency of Canada also brings consumer insights onto the FSRA board.”

McCallum has a background in providing legal and governance advice on pensions and employee benefits. She is former partner and current counsel at Fasken Martineau DuMoulin LLP. She also worked as counsel for the Pension Commission of Ontario, the former pension regulator.

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