Chatham House Rule https://www.chathamhouse.org/chatham-house-rule3 topics/3 roundtables. Each table will have 12 minutes to discuss their topic, then 2 minutes to report no more than 3 outcome(s) to the room. So choose your table, then choose your reporter, and stay focused on getting to outcomes! NCFA will send your key messages to the appropriate recipients.TABLE 1 - KEY MESSAGES AND APPROACH: What messages would you like NCFA to send/represent to key regulatory stakeholders. NCFA has made several presentations but advancements have been slow. How can we strengthen our message and have a greater impact or ideas to implement a different approach?
TABLE 2 - SELF-REGULATION?: In the absence of supportive regulation and adequate government policies for fintech and financing innovation in Canada, compared to other jurisdictions, there have been increasing calls for self-regulation to enhance the competitiveness of these businesses in Canada and their credibility overseas. Eg, reporting standards to enhance transparency, accountability, and consumer/investor understanding; code of ethics/conduct to enhance fair treatment of customers/investors and enhance trust; operational standards for effective governance, systems and controls, risk management to help businesses prepare for scale-up and to smooth the way for discussions with regulators in Canada and overseas.
Is some self-regulation needed? If so, what are the priorities and how do we pay for them?
TABLE 3 - COLLABORATION: Regulation in Canada can be stifling and costly. How can firms collaborate to make compliance easier?
RegTech? Outsourcing? Training? Telling our stories - story wall?
