The Education and Good Governance Fund (EGGF) announces its support of 10 projects. The EGGF Assessment Committee and a committee of AMF experts analyzed the 32 applications submitted before the October 15th deadline. The President and CEO has given his consent to the Committee's recommendations to grant $748,717 in funding to the following projects:
The project of researcher Thomas Walker at Concordia University's David O'Brien Centre for Sustainable Enterprise aims to develop detailed policy recommendations for the optimal design of banking regulations and supervision in light of natural disasters, including the growing threat of climate change-related disasters.
The research project proposed by researcher Frédéric Godin of Laval University's École de l'actuariat aims to develop a dynamic hedging strategy which would apply to segregated funds, taking basis risk into account. He will provide a review of the literature describing the current scientific knowledge about basis risk in the dynamic hedging of segregated funds, bivariate stochastic process models, a comprehensive hedging algorithm and simulation results.
The project of Professor Julie Biron of the University of Montréal Law Faculty will determine what practices corporations use to limit non-compliance risk and the problems they encounter implementing them. An analysis grid will set out the compliance mechanisms and the elements that contribute to their success.
Researcher Denis Schweizer of Concordia University's John Molson School of Business will study the effects of insider trading on investor confidence and capital market liquidity. The study will explore the prevalence and extent of insider trading and provide methodological tools for detecting it.
The CIRANO experimental study conducted by researcher Jim Engle-Warnick of McGill University will assess the impact of nudge and education on the quality of individual saving and investment decisions. It aims to improve financial health through increased awareness.
Financial education projects
The Bien plus que de l'argent project of Jeunes Entreprises du Québec aims to train 60 workers in 30 social integration associations in the greater Montréal area. Designed for Secondary IV students, it will be adapted for young adults entering the job market to help them understand the importance of setting goals, budgeting and making informed decisions in order to better manage their finances.
In 2016-17, the Association coopérative d'économie familiale Rive-Sud de Montréal (ACEF RSM) will offer 264 sessions of its L'argent, comment ça marche? program to 3,450 students in 158 primary schools in the Marie-Victorin School Board. The workshops will explain the importance of money to students so they can make informed decisions.
The Union des consommateurs' Bien choisir son crédit project will lead to the development of a tool consumers can use to compare the different types of credit, helping them increase their awareness and make informed choices about the credit products available today. It will also help budget counsellors distribute information during individual consultations and at workshops.
Médac's Opération Sécur-aînés project aims to provide members of associations for seniors and retirees with a 90-minute talk about managing, growing and protecting their financial assets in order to address their specific concerns.
The Atwater Library and Computer Centre's Me and Money project will continue its workshop program for seniors and retirees. It will also launch a new financial education pilot project aimed at new parents on parental leave.