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Budget seeks to expand financials’ diversity disclosure, virtual meetings

Government aims to improve transparency at federally regulated financial institutions

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Budget promises reform to banking complaints

FCAC charged with selecting single, external complaints body

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From the Regulators

MX seeks market surveillance boost

Exchange proposes new client ID requirements

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Liberals go after predatory lending

In another measure aimed at vulnerable Canadians, the CRA will pilot automatic tax filing in 2024

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Feds outline $83B in clean economy tax credits in bid to compete with U.S. incentive

The credits are for investments in clean electricity, clean-tech manufacturing and hydrogen

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Government moving to increase oversight of bank, pension exposure to crypto

Proposed changes look to tighten financial oversight

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Government proposes changes to financial institutions’ dividend deduction

The proposal follows the surtax and recovery dividend introduced in last year's budget

Man and woman sitting in cafeteria discussing finance for the month. Stressed couple looking at bills sitting in restaurant wearing uniform apron. Cafe staff sitting together looking at expenses and bills. (Man and woman sitting in cafeteria discussi

Budget 2023 shuts down loopholes left in Bill C-208

Budget 2023 proposes changes to framework of intergenerational business transfers

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Federal budget 2023 includes $59.5B in new spending, looks to increase revenue

Tax measures are aimed at wealthier individuals and corporations

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Government proposes including siblings in definition of ‘qualifying family member’ for RDSPs

Tuesday's budget also proposes extending a measure that was set to expire this year

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Feds boost limit on allowable EAP withdrawals from RESPs

Budget 2023 also proposed changes to allow divorced or separated parents to open joint RESPs

Rideau Canal in Ottawa with view of Parliament buildings

Feds to overhaul alternative minimum tax in bid to target top earners

The proposed changes take aim at deductions, credits and other tax strategies

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From the Regulators

The next hurdle in climate reporting: oversight

IOSCO calls for work to develop assurance standards for sustainability reporting

Fed official: Bank rules under review in wake of SVB failure

Barr anticipates higher capital, liquidity standards needed for American banks with more than $100B

Canada heading into “mild recession” as tight monetary policy squeezes growth: Report

Deloitte predicts half-point real GDP drop in 2023

Bankman-Fried charged with paying $40M bribe to China

Allegations arose from freezing of certain Alameda Research crypto accounts

BMO Private Wealth takes on Kevin Barnes in newly created role

Barnes' move from TD Wealth's private wealth division is detailed, among other industry news

  • By: Katie Keir
  • March 28, 2023 March 28, 2023
  • 12:43

BMO Insurance welcomes back Rohit Thomas

Other industry moves this week include a new head for the FP Canada Institute

  • By: Katie Keir
  • March 23, 2023 March 23, 2023
  • 14:27

Canaccord appoints former Ontario finance minister to board amid takeover tussle

New appointments come a week after four board members opposed to the takeover resigned

Purpose revises ESG disclosures amid greater regulatory scrutiny

The firm updated marketing information published prior to the emergence of ESG guidance

Wealthsimple launching private credit fund with Sagard

Only certain investors will have access to the fund, which comes with redemption limits and performance fees

U.S. banking crisis averted, but challenges remain

Regulators prevented bank runs in wake of SVB, but rating agencies say funding and liquidity problems persist

SEC secures asset freeze against accused Canadians

B.C. court grants injunction against defendants in global pump and dump scheme

S&P fined by ESMA for rating rule breaches

Rating agency hit with €1.1-million penalty for internal control shortcomings

Stopping the clock on advisor lawsuits over Bridging

Firm seeks to suspend the limitation period on potential claims against advisors and dealers

Swiss bank rescue to reshape landscape

Sector's competition, regulation and risk will all be transformed, Fitch says

Banking system bends, doesn’t break

Systemic stress looks contained, but interest rate outlook has shifted, TD says

U.S. bank deposits shift sharply: Moody’s

Bank failures led to the largest growth in non-deposit borrowing on record

Robinhood Crypto fined $30M for AML failings

New York regulator says firm's compliance didn't keep pace with its growth

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Address change would be temporary until quarantine efforts are lifted

  • By: IE Staff
  • April 1, 2020 May 13, 2020
  • 10:21

Keep calm and listen to your clients

We haven’t been through anything like this, but we’ve been through similar crises and recovered