Julie Dickson tapped for banking watchdog

TAVIA GRANT ,  Globe and Mail Update

Julie Dickson is the new head of Canada's watchdog on financial institutions, Finance Minister Jim Flaherty said Wednesday.

Ms. Dickson's seven-year term at the Office of the Superintendent of Financial Institutions is effective immediately. She replaces Nicholas Le Pan, who tendered his resignation this time last year.

“I am pleased Ms. Dickson has agreed to serve in this role to promote the stability and soundness of Canada's financial system, in the best interest of all Canadians,” said Mr. Flaherty.

Ms. Dickson, 50, who most recently served as deputy and then acting superintendent at OSFI, has more than 25 years' experience in the financial-services field in the public and private sectors. The 20-year-old office oversees rules that govern Canada's financial system.

Ms. Dickson joined OSFI in 1999 and has been the acting superintendent since October. She previously spent 15 years with the Department of Finance, mostly in areas related to financial-sector policy. In the private sector, she was group leader of the Financial Institutions Practice for a national consulting firm in the nineties.

Mr. Le Pan, meantime, has become senior expert adviser to the RCMP's securities crime unit, where he is looking at how to improve the Integrated Market Enforcement Teams – or corporate crime – program.

Ms. Dickens holds a Masters degree in economics from Queen's University and a Bachelor of Arts in economics from the University of New Brunswick. She's a member of the Accounting Standards Oversight Council of Canada, and has been a member of the Basel Committee on Banking Supervision.