OTTAWA, Aug. 1, 2018 /CNW/ - The Governor in Council has re-appointed Lucie Tedesco as Commissioner of the Financial Consumer Agency of Canada (FCAC) for a period of 6 months commencing September 3, 2018. Commissioner Tedesco was first appointed in September 2013, for a 5-year term. She previously served as Deputy Commissioner from 2008.
Commissioner Tedesco's tenure has coincided with significant innovations in the financial services sector. Under her leadership, the Agency has been able to anticipate and assuredly respond to new challenges and opportunities, while continuing to protect and inform Canadian financial consumers. She has led the Agency's expansion and modernization and readied it to continue protecting Canadians as the financial marketplace undergoes transformation.
As FCAC Commissioner, Ms. Tedesco ensures that federally regulated entities comply with consumer protection measures and helps advance the financial literacy of Canadians. She serves as a member of the federal Financial Institutions Supervisory Committee, and is also a board member of the Canada Deposit Insurance Corporation.
In 2016, Ms. Tedesco was appointed Chair of the International Financial Consumer Organisation (FinCoNet), an international association of supervisory authorities responsible for financial consumer protection. She is also a faculty member of Osgoode Hall's Regulatory Compliance and Legal Risk Management for Financial Institutions Program.
Ms. Tedesco began her career in private practice with Burke-Roberston, Barristers and Solicitors, where she specialized in insurance law. She went on to hold senior leadership roles with major Canadian financial institutions. In 2000, Ms. Tedesco joined Export Development Canada (EDC) where she took on increasingly senior positions, finishing her career there as Vice-President, Strategy and Planning.
A member of the Ontario Bar, Ms. Tedesco holds a Bachelor of Arts degree (Lettres françaises) and an LL.B. from the University of Ottawa.
"I am pleased to continue leading FCAC's talented team of dedicated employees who, day in and day out, ensure that FCAC makes an important contribution to Canada's strong, stable, and competitive financial system."
Commissioner, Financial Consumer Agency of Canada
SOURCE Financial Consumer Agency of Canada
For further information: Media Relations, Financial Consumer Agency of Canada, 613-941-4168, [email protected]