Mark Zelmer has more than 30 years of experience dealing with financial sector policy and regulatory issues. He was formerly Deputy Superintendent of Financial Institutions at the Office of the Superintendent of Financial Institutions (OSFI). Prior to that, he worked for the Bank of Canada and the International Monetary Fund.
Among his many accomplishments, Mark was an active contributor to the global regulatory reform agenda in the wake of the financial crisis. As a member of the Basel Committee on Banking Supervision from September 2008 through June 2016, he chaired the development of several macro-prudential components of the Basel III framework and led a peer-review assessment of the European Union's adoption of Basel III capital requirements. He also served on the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation from July 2014 to June 2016 and co-chaired its work on structural vulnerabilities associated with the global asset management industry.
Mark has been busy since his retirement from OSFI in 2016. Among other things, he helped assess the soundness of the Japanese banking system for the International Monetary Fund’s review of the Japanese financial system in 2017 and is currently conducting an independent review of the prudential oversight of a medium-sized bank for Her Majesty’s Treasury in the United Kingdom. He has also served as a senior fellow for the CD Howe Institute and co-authored a paper published by that institute in 2018 on international standard-setting.
Mark holds a Master of Science (Business Administration) degree from the University of British Columbia and a Bachelor of Commerce (Honours) degree from Queen's University.
Mr. Zelmer was elected to the Board of Directors of Assuris in 2017.