Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, announced the appointment of Werner Liedtke as interim Commissioner of the Financial Consumer Agency of Canada (FCAC).

“I extend my thanks to Mr. Liedtke for stepping up as interim Commissioner. His extensive experience will serve Canadians well as he delivers on FCAC’s mandate to protect Canadians and uphold the stability of the financial sector. I also wish to thank the outgoing Commissioner, Judith Robertson, for her terrific work over the past five years.”

The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

• The Financial Consumer Agency of Canada (FCAC) was established in 2001 to protect the rights and interests of consumers of federally regulated financial products and services, and strengthen Canadians’ access to financial literacy tools.

• As a regulator, FCAC monitors and supervises the compliance of financial institutions, external complaints bodies, and payment card network operators with consumer protection measures set out in legislation, public commitments, and codes of conduct. 

• FCAC’s focus on protecting consumers complements the work of the Office of the Superintendent of Financial Institutions (OSFI). OSFI’s mandate is to regulate and supervise banks, insurance companies, and pension plans, by ensuring they maintain sound prudential standing, uphold robust governance and risk management practices, and meet or exceed their regulatory requirements. 

Related products

• Biographical Notes for Werner Liedtke

Associated links

• Financial Consumer Agency of Canada

Media may contact:

Katherine Cuplinskas
Press Secretary and Senior Communications Advisor
Office of the Deputy Prime Minister and Minister of Finance
Katherine.Cuplinskas@fin.gc.ca

Media Relations
Department of Finance Canada
mediare@fin.gc.ca
613-369-4000

General enquiries:

Phone: 1-833-712-2292
TTY: 613-369-3230
E-mail: financepublic-financepublique@fin.gc.ca

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