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Marlena Labieniec
Director Of Innovation at Financial Services Regulatory Authority (FSRA)
Marlena Labieniec is the Director of Innovation at the Financial Services Regulatory Authority (FSRA) of Ontario. She has been instrumental in leading initiatives aimed at fostering innovation within the financial services sector. Her role involves overseeing the FSRA's Innovation Office, which serves as a facilitator for dialogue between regulators and innovators, aiming to create a supportive environment for new financial products and services.
Professional Background
Labieniec has a strong background in business strategy and transformational leadership. Her work includes developing the FSRA’s Innovation Framework, which outlines guiding principles for regulatory review processes to streamline innovation for both new entrants and established industry players.2 She emphasizes the importance of regulatory sandboxes and test environments that allow innovators to experiment with their ideas while ensuring compliance with regulations.1
Key Contributions
Some of her notable contributions include:
- Innovation Process Development: Labieniec has been involved in creating a structured five-step innovation process that includes risk assessment and mitigation strategies, helping innovators navigate regulatory challenges.1
- Public Engagement: She actively engages with stakeholders through webinars and consultations, promoting transparency and collaboration in the innovation process.12
- Test and Learn Environments: Labieniec has advocated for the establishment of environments where new ideas can be tested with regulatory oversight, particularly starting with the auto insurance sector.2
Current Focus
Labieniec continues to lead efforts at FSRA to balance the needs of traditional financial institutions with those of new market entrants, ensuring that innovation does not compromise consumer protection or market integrity.12
Her professional profile can be found on LinkedIn under the username marlenalabieniec, where she shares insights related to her work and the broader financial services landscape.3
