The AMF is 20! A constantly changing industry, a continuously adapting organization
Over the past 20 years, Québec’s financial sector has undergone major transformations that have reshaped consumer habits and, in so doing, fundamentally changed how the industry interacts with its clients. These transformations have also required industry participants to demonstrate an exceptional level of adaptability and resilience.
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The progress made since the AMF’s creation allows us, today, to have a solid experience and all the vitality needed to address the coming years’ challenges. We intend to continue to play a vital role within Québec’s financial ecosystem and to help maintain public confidence in sector participants.
A few highlights
To mark these 20 years of transformation, we present some moments that proved to be pivotal for both industry practitioners and consumers.
TODAY
Our industry:
165,000 people
Work in Québec’s financial sector, mainly in deposit institutions and insurance.
$27.4B
Is the financial sector’s contribution to Québec’s economy. At 6.4% of GDP, it’s the 7th largest industry sector in Québec.
Our organization:
927 staff
Work for our organization, including 200 who are assigned to inspections and investigations.
100,000 calls
Have been received at our information centre over the past year.
testimonials
“The pan-national CSA structure was formalized over 20 years ago, and it has withstood many challenges over the years. We exercise rigour and take a measured approach, considering all regions of Canada. While the landscape looks different today, the commitment of CSA members to maintain fair and efficient capital markets and improve, coordinate, and harmonize regulation across Canada has never changed. The Autorité des marchés financiers has played a critical role in strengthening the CSA, and in contributing to all that we have achieved over time. I respect my colleagues at the AMF, and thank them for their leadership and collaboration. Congratulations on celebrating 20 years!”
Stan Magidson
CSA Chair