AMF CELEBRATES FINANCIAL EDUCATION
MONTRÉAL, Sept. 29, 2017 /CNW Telbec/ - Some 75 specialists are meeting today in Montréal for the 8th Financial Education Day of the Autorité des marchés financiers (the "AMF"). The Minister of Education, Recreation and Sports, Sébastien Proulx, will be in attendance and address participants. Organized by the AMF, this annual meeting is a unique opportunity to review key initiatives and trends in financial education.
Participants work together in various ways to implement the Québec financial education strategy and are active in different fields: financial institutions, insurance, budget counselling organizations, regulatory bodies, consumer protection agencies, educational institutions, consumer associations and financial sector professional associations.
On the day's agenda: status report on the work to implement Québec's financial education strategy, update on the rollout of the new secondary financial education course, the impact of the overabundance of financial information on the web, and financial education in the fintech age.
In addition, the AMF will take advantage of Financial Education Day to mark the launch of World Investor Week, an initiative of the International Organization of Securities Commissions ("IOSCO") taking place October 2 to 8, 2017.
"The AMF adds its voice to that of regulators from 70 countries across all continents to emphasize the importance of investing in fraud prevention and financial education to better protect consumers of financial products and services," said Louis Morisset, AMF President and Chief Executive Officer. "Financial education poses many challenges for regulators because they need to be effective and proactive in raising awareness among consumers so they can protect themselves against fraud. Regulators must also provide consumers with neutral and objective information to enable them to make informed decisions about their personal finances. Changing behaviours takes time and we are determined to continue our efforts for this purpose," he concluded.
The Autorité des marchés financiers (the "AMF") is the regulatory and oversight body for Québec's financial sector.
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