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| HOME > ONTARIO INDUSTRIES > FINANCIAL SERVICES > SUPPORT AND COLLABORATION |
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Support and Collaboration
Educated workforce
Several educational institutions targetting Canadian financial services industry employees are based in, or are active in Ontario. The Canadian Securities Institute and the Insurance Institute of Canada, both in Toronto, as well as the Institute of Canadian Bankers, provide training specifically for practitioners in their respective fields. Add to these the finance-focussed programs offered at several postsecondary institutions in Ontario, and the result is a continually-refreshed, highly-educated labour pool.
When compared to other North American cities, a higher-than-average proportion of Toronto’s financial services workforce have received specialist designations such as financial analyst or life actuary.
Intra-industry support
Nearly all Canadian financial industry associations with a national focus are based in Ontario. The banking, securities, insurance and accounting sectors are each represented by several organizations, whose services may include regulatory activities, training and certification programs, advocacy activities, and public relations coordination. The Toronto Financial Services Alliance (TFSA) is a collaborative group with representation from the financial industry, trade associations, academia and governments to enhance Toronto’s importance as a financial centre.
Ancillary services
A network of back-office service providers—many of them with headquarters in Ontario—supports the financial services industry. Using their technical and operational expertise, these companies undertake clearing and settlement operations, security services, image-based cheque processing, and ABM network and servicing.
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