Growing Household Financial Instability
Is income volatility the hidden culprit? 

8:00 am

BREAKFAST

8:30 am

Welcome
Andrew J. Kriegler, CEO, Investment Industry Regulatory Organization of Canada (IIROC)

Setting the stage
Liz Mulholland, CEO, Prosper Canada

8:40 am 

Talking to our neighbours: America’s household balance sheets
Presentations followed by question and answer session.

• Household financial stability and income volatility: Why they matter to the Fed
  Ray Boshara, Director, St. Louis Federal Reserve Center for Household Financial Stability

• Income volatility: What banking data can tell us, if we ask
  Fiona Grieg, Executive Director, JPMorgan Chase Institute

• Up close and personal: Findings from the U.S. Financial Diaries
  Rob Levy, Vice President, Financial Health, Center for Financial Services Innovation

9:40 am 

The good, the bad, and the ugly: Canada’s household balance sheets
Presentation by Andrew J. Heisz, Assistant Director, Income Statistics, Statistics Canada

10:10 am 

COFFEE BREAK

10:30 am 

Income volatility and its effects in Canada: What do we know?
Presentations followed by question and answer session.

• Pervasive and profound: The Impact of income volatility on Canadians
  Derek Burleton, Deputy Chief Economist, TD Bank Group

• Income and expense volatility and their impact on consumer borrowing
  Patrick Ens, Vice President, Product and Marketing Strategy, Capital One

• Making the invisible visible: Canada’s new Neighbourhood Financial Health Index
  Katherine Scott, Vice President, Policy and Research, Canadian Council on Social Development

11:30 am 

What gets inspected, gets respected: Do we have the data we need to tackle household financial instability?
Moderated panel discussion followed by table discussion:

• Catherine Van Rompaey, Director, National Economic Accounts Division, Statistics Canada
• Craig Alexander, Senior Vice-President and Chief Economist, Conference Board of Canada
• Dr. Jennifer Robson, Assistant Professor, Carleton University

12:30 pm 

LUNCH

1:30 pm

Emerging solutions
Presentations followed by question and answer session.

• Aspen Institute Solutions Framework
  David Mitchell, Senior Program Manager, Financial Security Program, Aspen Institute

• Building consumer financial health: Role of financial institutions and fintech
  Rob Levy, Vice President, Financial Health, Center for Financial Services Innovation

• Retooling income security programs for the 21^st century
  Sunil Johal, Policy Director, Mowat Centre

• New retirement saving solutions for modest income workers
  Jonathan Weisstub, Founder, Common Wealth

3:30 pm 

Where we go from here: Reflections on key takeaways, questions and next steps
Table discussion

4:15 pm 

Closing remarks
Liz Mulholland and Andrew J. Kriegler