In the Toronto region alone, the financial services sector supports roughly 10,000 businesses and nearly 300,000 high-value jobs. But burdensome regulation is holding the sector back. Every unnecessary delay, and outdated rule raises costs and slows innovation across the sector. And when that system is slowed, growth across the economy is slowed with it.
To tackle this challenge, the Board drew on the guidance and insights of the Business Council of Toronto’s Financial Services Competitiveness Coalition, and consulted executives from across the financial services sector to develop 18 priority recommendations to modernize regulation and cut red tape.
