Insights into the risks and benefits of digital financial services for consumers

This issues paper reflects observations pooled from across the sectors of the AMF regarding the impact of the digital transformation and technological innovations on consumers of financial products and services.

Consult the document (pdf - 1 MB)This link will open in a new windowUpdated on November 21, 2022The digital transformation of the financial sector is profound. Driven by increasingly powerful and sophisticated computers, software and computer networks, the transformation was already well underway in banking and payment services before the pandemic. There was already talk about open banking and the many digital services it might facilitate, such as aggregators, personal finance management apps, comparison and recommendation platforms, and new credit rating services. In the capital markets, robo-advisors were making headlines by offering mass market consumers access to portfolio management services. In insurance, plans were already in the works to distribute some products without a representative via digital spaces. In addition, two innovations were emerging that have led to changes in insurers’ practices: the sharing economy and telematics.

Issues and Discussion Paper - Best practices for the responsible use of AI in the financial sector

To provide a basis for open dialogue about the opportunities and impacts associated with the use of artificial intelligence in the industry, thisdocument presents 30 best practices for the responsible use of AI in the financial sector.

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Artificial intelligence in finance: recommendations for its responsible use

The AMF has decided to initiate a serious dialogue about the responsible use of AI in the financial industry. To assist it in meeting this challenge, the AMF sought input from Marc-Antoine Dilhac, Associate Professor of Ethics and Political Philosophy at the Université de Montréal.

Consult the document (pdf - 32 MB)This link will open in a new windowUpdated on March 8, 2022The accelerating digital transformation in the financial services industry is resulting in major changes in the processes of many businesses. Technological innovations such as advanced analytics and artificial intelligence (AI) are being deployed at a rapid pace and are contributing to an increase in the number of options available to consumers. Moreover, access to big data on consumer profiles and patterns means it is now possible to pinpoint the needs of consumers more precisely and to offer them personalized financial products and services. Although this profound transformation is yielding tangible benefits, it is also bringing to light significant

Digital transformation maturity of financial institutions operating in Québec

Find out where financial institutions are in their digital transformation journey in terms of strategy, customer experience, operations, culture and technology, and get insights into global digital maturity trends.

Consult the document (pdf - 2 MB)This link will open in a new windowUpdated on November 5, 2020

Climate change risks: Measures implemented to date by financial institutions

Given that climate change related risks pose a significant threat to financial stability, this report, the first of its kind for the AMF, assesses the level of concern and preparedness of financial institutions regarding the risks associated with climate change.

Consult the document (pdf - 16 MB)This link will open in a new windowUpdated on July 5, 2022

Macroeconomic and financial trends

The Economic and Financial Review is a quarterly publication that provides an objective summary of the latest trends in the economy and the financial markets, and discusses specific topics.

The publication is issued by the AMF for the purpose of widely disseminating the results of analyses and research conducted by its experts.

Consult all Economic and Financial Review

The AMF Bulletin

The AMF Bulletin is a weekly French-language publication that serves to inform financial institutions and practitioners in the financial industry, as well as consumers and the public, on the AMF’s activities.

It is intended as a reference tool and contains the information required to be published under the laws administered by the AMF. In particular, the AMF Bulletin documents the AMF’s draft regulations and regulations, decisions rendered by the Financial Markets Administrative Tribunal, and disciplinary decisions issued by self-regulatory organizations.

Consult the AMF Bulletin