President and CEO
Autorité des marchés financiers (AMF)Website:
ROUND TABLE: Funding the future: Emerging strategies in cooperative financing and capitalization
Mario Albert was appointed President and CEO of the Autorité des marchés financiers (AMF) in February 2011.
He joined the AMF in 2007 as the Superintendent of Distribution. In 2009, he also assumed responsibility for the agency’s institutional affairs, including communications, research and strategic monitoring. Since February 2010, Mr. Albert has also overseen AMF Client Services, supervising activities pertaining to investor education and awareness programs, fraud victim compensation programs, and complaint examination.
Since his arrival at the AMF, Mario Albert has been involved in numerous initiatives related to securities and insurance, in particular, the implementation of the pan-Canadian registration regime for securities dealers and advisers. In addition to leading consultations to harmonize Quebec’s new rules governing the conduct of mutual fund representatives with those applicable elsewhere in Canada, he looked after updating the career eligibility requirements for insurance representatives. As well, he was tasked with modernizing and integrating the AMF’s business systems (MISA project).
Prior to joining the AMF, Mario Albert was Assistant Deputy Minister responsible for budget policy and economics for Quebec’s Finance Ministry, where he was primarily responsible for co-ordinating budget preparation. Mr. Albert also served at Finance Canada, mainly as head of economic forecasting.
About the AMF
The Autorité des marchés financiers (AMF) is the body mandated by the government of Quebec to regulate the province's financial markets and provide assistance to consumers of financial products and services.
Established under An Act respecting the Autorité des marchés financiers on February 1, 2004, the AMF is unique by virtue of its integrated regulation of the Quebec financial sector, notably in the areas of insurance, securities, deposit institutions (other than banks) and the distribution of financial products and services.
In addition to the powers and responsibilities conferred on it by its incorporating legislation, the AMF oversees the enforcement of laws in each of the areas it regulates. It can also draw on self-regulatory organizations (SROs), to which certain regulatory powers are delegated.
The AMF is financially self-sufficient through the fees and dues paid by the persons and firms governed by the legislation it is charged with enforcing.
<< Back to speakers