2018 News & Media Releases
Leading Finance Centres Agree Action Plan for Green & Sustainable Finance
For the first time, a significant number of the world's leading financial centres have agreed a shared strategy for accelerating green and sustainable finance. TFSA President and CEO Jennifer Reynolds attended the inaugural meeting of the international network of Financial Centres for Sustainability (FC4S) which brought together 16 member centres - Astana, Casablanca, Dublin, Frankfurt, Geneva, Hong Kong, Liechtenstein, London, Luxembourg, Milan, Paris, Shanghai, Shenzhen, Stockholm, Toronto and Zurich - as well as a wide range of observers and partner organisations.
TFSA Welcomes Announcement of Expert Panel on Sustainable Finance
The federal government announced on April 12th, 2018, the creation of the Expert Panel on Sustainable Finance which will consult members of the business community about the opportunities associated with sustainable finance.The Expert Panel will also explore the opportunities and challenges for companies facing voluntary standards for corporate disclosure of the financial risks associated with climate change. "Canada's financial sector is playing a strong role in supporting actions to address climate change," said Jennifer Reynolds, President & CEO, Toronto Financial Services Alliance (TFSA).
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Toronto Financial Services Alliance Welcomes the Government of Canada's Support to Create More Student Work Opportunities for Post-Secondary Students in Financial Services
The Government of Canada is providing almost $2.1 million over a three-year period to Toronto Financial Services Alliance (TFSA) for ASPIRE, our work-integrated learning pilot project in financial services (FS), which aims to attract, up-skill and retain post-secondary students developing in-demand skills in the fields of Science, Technology, Engineering, Arts, and Mathematics (STEAM). TFSA is leading the project on behalf of the FS sector. The funding is part of the Government's Student Work Placement Program, which will distribute a total of $73 million over the next four years to recognized industry associations that represent the interests of businesses in key sectors across the country. TFSA will use the funds to scale up ASPIRE, which was designed in collaboration with our industry and academic members, and launched last April. The Government's support will enable us to increase employer and academia engagement, and offer more students more opportunities to gain...
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Unlocking the human opportunity: Future-proof skills to move financial services forward
Given that Toronto is the second largest financial centre in North America, employing over 800,000 people, it is critical for companies in the financial services sector in Toronto to ensure they have the right people and skills to succeed in the future. To do this, financial institutions need to understand the key trends shaping the financial services sector, how trends are changing the nature of work, and the impact any changes will have on the demand for specific skill sets. This report seeks to build a better understanding across each of these areas in an effort to provide business leaders with insights and practical recommendations to move their organizations forward, while also giving people looking to enter the sector a view into areas of opportunity and the critical skills they need to thrive.
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Ontario Students' Perceptions of Financial Services Careers
To provide insight into Ontario post-secondary students' perceptions of the Financial Services sector as a career destination, Toronto Financial Services Alliance (TFSA) commissioned data from Univerum, a leading researcher of student viewpoints. As the early-stage talent strategies of Canadian Financial Institutions continue to respond to emerging technology and related trends impacting their businesses, recruiters are stepping up their efforts to attract students with a broader range of in-demand skills, including those being developed within Science, Technology, Engineering, Math, and Liberal Arts programs. To support these recruitment efforts, this report examines students' career goals and values, and the characteristics of their employers of choice, through the comparative lens of "future" and "lost" talent.
Toronto’s Financial Services Sector will be key player in global public-private partnerships to address infrastructure gap
Toronto’s financial sector is uniquely positioned to help governments across the globe leverage public-private partnerships (P3) to address the growing infrastructure gap in Canada, finds a new report from the Toronto Financial Services Alliance (TFSA) in collaboration with KPMG in Canada. The report, Knowing When to Partner, ranks Toronto’s financial services sector only behind New York and London in its strength and ability to provide the expertise and funding to deliver on these large-scale capital projects.
World Economic Forum in Davos needs to foster spirit of openness on free trade by BMO CEO, Darryl White
Next week, businesses, government leaders and researchers will be participating in the annual World Economic Forum in Davos, where the topic is "Creating a Shared Future in a Fractured World." This gathering in Europe takes place while the next round of North American free-trade agreement negotiations - widely expected to be one of the most consequential and where a U.S. termination is a real risk - occurs in Montreal.
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