Principles Based Regulation (PBR)
Which regulatory approach often emphasizes ethical conduct over strict compliance?
Principles-based regulation
On January 1, 2020, Great-West Life, Canada Life and a third company came together to form The Canada Life Assurance Company. The third company, was in which Ontario city?
HINT: The Forest City, west of Toronto.
London
Who was FSRA’s first employee?
Mark White
FSRA regulates a number of sectors: Auto, Pension, Mortgage, HSP, Life and Health insurance, P&C insurance, Loan and Trust, Credit Unions, FPFA, and _____
Cooperative Corporations
Who sang Blank Space?
Taylor Swift
What approach to enforcement does PBR prefer? In Financial Services regulation, you don’t need to get down on one knee to propose.
Engagement
Defeated US presidential candidate Kamala Harris attended high school in this Canadian city, founded in 1642. It has a population of 1.7 million, Canada's 2nd largest city.
Montreal
When did FSRA conduct its first stakeholder survey?
2021
What are FSRA’s 3 brand attributes?
Trusted, Effective and Protects Consumers
Who played Jack Dawson in the Titanic?
Leonardo DiCaprio
What is the famous highway in Germany that is often used as an example of how rules support a desired outcome?
The Autobahn
This is Canada’s largest and busiest transportation hub, located in Toronto, connecting more than 300,000 passengers to their destination every day.
Union Station
In which month and year was Ontario's first Pension Awareness Day?
February 2023
Which was the last Rule released by FSRA?
Rule 2022 – 01 Assessments and Fees (or Fee Rule)
What was the name of Monica’s tall mustachioed boyfriend on the show “Friends”?
Richard Burke (or Richard)
Name any two of FSRA’s five Framework Principles outlined in the PBR Guidance.
Outcomes-Focused, Risk-Based, Transparent, Innovative, Consumer-Focused, Collaborative
Where is the financial services tribunal located?
25 Sheppard (or FSRA office building)
On June 8, 2019, a seminal event in FSRA’s history took place. What was it?
FSRA’s launch/creation/start
Whom did FSRA interview as part of the 2023 stakeholder survey?
SAC and CAP members
Which show had kids with supernatural powers in the fictional town of Hawkins?
Stranger Things
This American lager, commonly abbreviated PBR, was established in Milwaukee, Wisconsin, in 1844 and is currently based in San Antonio, Texas.
Pabst Blue Ribbon
One of Ontario's largest credit unions, Meridan has its head office in which city? HINT: It's the Garden City, located south of Toronto.
St. Catherines
**DOUBLE JEOPARDY**
Did you know FSRA's website can be translated into more than 200 languages? It might surprise you that, according to Babbel, Russian is the most used language in Europe, with over 140 million native speakers. 95 million others speak this language, Europe's second most common.
German
FSRA’s acting CEO, Stephen Power, holds a Bachelor of Commerce (Honours) from this Ontario university, ranked 7th in Canada by Macleans (after U of T, Waterloo, and MacMaster). Stephen, what on earth is a Golden Gael?
Queen’s
Which classic horror film features a character named Norman Bates and was directed by Alfred Hitchcock?
Psycho
PBR means moving away from reliance on detailed, prescriptive rules or checklists, and relying on more high-level, broadly stated ____ supported by ____.
Outcomes and Principles.
FSRA’s head office is located at 25 Sheppard, in Willowdale, represented by this Toronto city councillor.
Lily Cheng
On July 16, 2024, CEO Mark White stepped down to become the Chair of which organization?
The Ontario Energy Board
From roughly September 2023 until May 2024, this former CFRB radio news anchor sent you FSRA’s daily media scan by email. She’s now on maternity leave after welcoming her second child earlier this year.
Ashley Legassic
**DOUBLE JEOPARDY**
Who is the Brazilian author known for his bestselling novel "The Alchemist"?
Paulo Coelho
**DOUBLE JEOPARDY**
Which type of oversight may be more challenging under principles-based regulation due to its broad nature?
Enforcement
FSRA’s 2024 credit union and insurance prudential conferences were held in this city, home to KFC’s Colonel Harland Sanders from 1965 to 1980.
Mississauga
This member of FSRA’s Public Affairs team worked for five Finance Ministers and the Premier of Ontario before joining the organization. He’s currently WWAA (Waging war against acronyms).
Dan Miles
How many meeting rooms at FSRA office can “officially” accommodate 8 or more people?
5 - Trillium, Algonquin, Bryan Davies, Superior, Ontario
What is the name of the Swedish pop group that gained worldwide fame in the 1970s with hits like "Dancing Queen"?
ABBA
In October, Jordan Solway co-hosted FSRA’s PBR webinar.
Before joining FSRA, Jordan held a dual role focused on legal counsel and claims management at a major insurance company known for its red umbrella logo. Where did he work?
Travelers Canada
**DOUBLE JEOPARDY**
The venue for the 2024 FSRA Exchange was the Sheraton Centre in downtown Toronto, located just south of this hall.
It’s a place where you can see adults acting like children, witness marriage ceremonies, and you can even pay a parking ticket,.
Toronto City Hall
Before FSRA was established, which entity was responsible for regulating most of the same sectors that FSRA now oversees?
FSCO
The Financial Services Regulatory Authority of Ontario Act led to the creation of FSRA. What year was it proclaimed?
2016
Which K-pop group became the first to top the Billboard Hot 100 chart in the United States with their song "Dynamite"?
BTS