Unite to protect the public

Professors Patrick Mignault and Arthur Oulai.
Photo: Michel Caron UdeS

Is your hard-earned money in good hands? It is already the mission of the Chambre de la sécurité financière to take care of this since it ensures the integrity and professionalism of financial services advisors. Thanks to a new research partnership with the Faculty of Law of the UdeS, it will be able to play its role even better by developing knowledge based on data from ethics surveys.

Indeed, the Chamber of Financial Security (CSF) and the University of Sherbrooke (UdeS) will combine their forces to deepen the state of knowledge between disciplinary financial law and information technologies. More specifically, they will explore how leveraging survey data can support ethics action.

By bringing together the expertise of the CSF in financial services ethics in Quebec with the culture of innovation and the great research capacities of the UdeS, it will be possible for the two organizations to approach from several angles the vast project that represents this area of ​​law.

The data that is processed is taken from the disciplinary investigation files of the Chambre de la sécurité financière. They can come from requests for investigations, complaints, stakeholders, the chronological approach of an investigation, an offence. They were formulated by the public or by the Autorité des marchés financiers.

If the project aims first to draw up a state of knowledge on the subject and a synthesis of the investigation processes at the CSF, in a prospective way the research team aims to enhance the data held at the CSF to improve the tools of disciplinary framework in place.

This is a great opportunity to help protect the public in the market for financial products and services, where they are often in a vulnerable position in the face of the industry.

Professor Patrick Mignault, specialist in risk management, governance and regulation of financial activities

A first intern-researcher from the Faculty of Law is already at work this fall under the supervision of professors Patrick Mignault and Arthur Oulai. “My role is to find parts of the CSF process that would benefit from the use of new technologies or business models, to propose solutions after a literature review, and then to check whether these solutions are justified given the provisions that apply to the CSF”, explains Raphaël Ross, intern-researcher.

“As a student of the Bachelor of Laws, it’s new from A to Z: I develop my research skills, which will be essential to me in my future practice, and I discover a little-known branch of law that deserves to be explored. be put forward given its importance in protecting the public,” adds the student.

The vice-president of corporate services of the CSF, Christian Faubert, intends to take advantage of the research carried out by student resources as soon as possible. “In the immediate term, this collaboration will allow us to document in detail the requests for investigations submitted to the Chamber to improve our disciplinary processes. By increasing our scientific knowledge and making maximum use of the data from our surveys, we want to contribute to practical knowledge in the field. »

This scientific collaboration with the CSF is an opportunity to deepen the state of knowledge on the integration of technologies, in particular artificial intelligence, in the legal field and, more specifically, in the tools of regulatory framework and disciplinary control. in the financial sector.

Professor Arthur Oulai, specialist in civil law

The President and Chief Executive Officer of the CSF, Ms.e Marie Elaine Farley, considers that this collaboration with the University of Sherbrooke will make it possible to benefit from additional expertise to continue to raise ethical standards in financial services. “The Chamber’s mission is to protect the public, which, for us, means that we have a duty to share our knowledge when it can be used for society as a whole. We hope that the development of knowledge on the integration of technologies in the regulatory sector will be useful for other organizations with a similar public protection mandate. »

The Chambre de la sécurité financière and the Université de Sherbrooke expect many positive spinoffs from this partnership. Among other things, it allows students to shine a light on the practice of disciplinary law, which is little covered in their university training. In addition, the knowledge acquired could eventually lead to the establishment of good practices to help ensure the protection of the public beyond the processing of complaints received by the Board of Trade.

This collaboration between the CSF and the Université de Sherbrooke was made possible by Mitacsa not-for-profit organization that promotes growth and innovation across Canada and supports the Business Partnership Group from the University of Sherbrooke.

We want to thank the writer of this article for this amazing content

Unite to protect the public


Find here our social media accounts as well as other pages related to it.https://www.ai-magazine.com/related-pages/