The Chambre de la sécurité financière and the Université de Sherbrooke join forces to advance disciplinary financial law in Quebec
MONTREAL, November 1, 2022 - The Chambre de la sécurité financière (CSF) and the Université de Sherbrooke (UdeS) are proud to announce they are combining forces to further the state of knowledge between disciplinary financial law and information technology. They will do so by exploring how leveraging inquiry data can support disciplinary action. By combining the CSF’s expertise in disciplinary law with the UdeS's culture of innovation and strong research capabilities, it will be possible to approach the topic from several angles.
"The CSF’s mission is to protect the public, which means sharing our knowledge when it can be used to benefit society as a whole and in the interest of seeking the common good. Our collaboration with the Université de Sherbrooke allows us to benefit from additional expertise to continue raising ethical standards in financial services, and we hope that developing knowledge on the integration of technology in the regulatory sector will be useful for other organizations with a similar mandate to protect the public," said Marie Elaine Farley, President and Chief Executive Officer of the CSF.
"In the short term, this collaboration will allow us to document in detail the requests for investigations submitted to the CSF to improve our disciplinary processes. By increasing our scientific knowledge and maximizing the use of data from our inquiries, we want to contribute to practical knowledge in the field," said Christian Faubert, Vice-President, Corporate Services at the CSF. "We are pleased to welcome our first research intern this fall, supervised by Professors Patrick Mignault and Arthur Oulaï of the Université de Sherbrooke, and we look forward to putting his research to work as soon as possible."
"This scientific collaboration with the CSF is an opportunity to deepen the state of knowledge on the integration of technologies, especially artificial intelligence, into the legal field and, more specifically, into the regulatory framework and disciplinary control tools in the financial sector," said Arthur Oulaï. "This is also a great opportunity to contribute to protecting the public in the financial products and services market, where consumers are often in a vulnerable position with respect to the industry," added Patrick Mignault.
The CSF and UdeS expect this partnership to result in many positive outcomes. Among other things, this partnership will allow students to learn about the practice of disciplinary law, for which they have little academic training. In addition, the knowledge acquired could eventually lead to establishing best practices to help ensure the public's protection beyond the processing of complaints that the Chamber receives.
This collaboration between the CSF and the Université de Sherbrooke was made possible by Mitacs, a not-for-profit organization that fosters growth and innovation across Canada.