AMF Appoints Moad Fahmi to Spearhead Fintech, Innovation
Regulatory body for Québec financial markets appoints new lead for fintech and innovation programs.
![canada canada](/sites/default/files/styles/landscape_750_463/public/import/IMG/809/129809/canada-flag-580x358.jpg.webp?itok=KGssZ4m7)
The AMF’s Fintech Working Group includes six major technology projects: blockchain technology; mobile payment solutions and virtual currencies; fundraising platforms; automated insurance and investment tools; regulatory technology (regtech); and big data and connected devices. In the newly-created role, Fahmi will coordinate these and other AMF projects, as well as chairing the Technological Innovation Advisory Committee.
“This new function will foster the collaboration that is essential to developing Québec’s fintech ecosystem,” said Louis Morisset, AMF president and CEO. “It is good news for our Fintech Working Group, the industry and the academic research milieu.”
The AMF is one of a number of regulators stepping up their fintech initiatives in order to both foster greater technology innovation in the financial markets and to stay abreast of new developments for regulatory oversight. In April this year, the AMF established a new fintech lab, designed to foster new technology development and contribute to the operations of the Canadian Securities Administrators’ regulatory sandbox program.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Regulation
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Bloomberg, industry bodies push back on Cboe’s proposed OEMS rule change
Some industry bodies disagree with the options exchange’s proposal to carve its Silexx OEMS out of the SEC’s definition of an exchange facility and place it into a separate business line.
GenAI: US Fed reveals its five use cases
Internal sandbox used to assess viability and risks; coding and content generation on the agenda.
Zeros and ones: Industry contemplates T+0 as the next step
With the North American transition to T+1 settlement complete, same-day settlement could be the next goalpost set, though skeptics are many.
The IMD Wrap: Déjà vu as exchange data industry weighs its options
Max highlights some of WatersTechnology’s recent reporting on data costs and capacity issues facing the options industry, and asks, haven’t we seen this before somewhere?
FRTB data quality issues persist amid shifting implementation dates
Banks are finding market and reference data challenges posed by the FRTB’s standardized model tricky, compounded by uncertainty over when the regulation will take effect.
Cboe pushes rule change to make way for proprietary Opra alternatives
As US options data has grown in volume and cost, Cboe says changing the public feed's governing document would make way for more competition from private alternatives, including its Cboe One Options Feed, launched in 2023.
Regulators urged to promote cyber security investment
Public interest in stopping cyber attacks that could trigger bank runs, says Bundesbank researcher