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Ontario proposes new MGA regulation

New regime aims to enhance consumer protection, set industry standards

Regulation
From the Regulators

OSC’s compliance work escalates

Risky firms, crypto platforms add to compliance division's workload

Crossed fingers
From the Regulators

Activist short seller charged with securities fraud

SEC, DoJ allege Citron Research, and its founder, misled investors

Light bulb
Industry News

Financial planning app launches behavioural feature to help with goals

Also in this tech roundup: Equisoft partners with Life Design Analysis

right or wrong choice
From the Regulators

Fewer prospectuses key to FCA reform proposals

Proposals seek to ease capital raising, bring back research bundling

Businessman remove one piece from jenga tower Risk management concept metaphor
People

Frances Donald to become RBC’s chief economist

Other industry veterans and groups are also shifting firms

Canadian money
Research and Markets

Federal government posts $3.9B deficit in April, May

Sharp difference from last year when the result for the first two months of the fiscal year was a $1.5 billion surplus

Chopped dollar
Research and Markets

U.S. core inflation cools in June

Monthly price rise of 0.1% seen as adding to likelihood of a September rate cut

Research and Markets

Canadians’ gloomy outlook could stall economic growth, promote paralysis

Scotia report offers reality check, calls for positive vision

gavel
From the Regulators

FCA undertakes its first enforcement action against a crypto enabler

U.K. regulator fined Coinbase company £3.5 million for compliance violations

Manufacturing
Research and Markets

Payrolls, wages higher in May: StatCan

Labour demand declined, and job vacancies were flat

compliance puzzle
From the Regulators

CSA aims to ease derivatives reporting burden

Revisions seek to better align with global standards

Modern apartment buildings in a green residential area in the city
Research and Markets

Majority of GTA condo investors losing money every month

Canada's largest condo market facing most significant test since 1991 recession: report authors

Quirk in capital gains tax rules raises risks for incorporated clients

A company could face 60% tax on unintentional payout of excess amounts from its capital dividend account

Don’t reimpose foreign asset limits on registered plans, IFIC tells feds

Finance’s qualified investments consultation asked for suggestions on how to promote Canadian investment

Big banks must boost capital under now-delayed reform

DBRS estimates $27 billion in capital needed to keep ratios at current levels

Industry moves this week

A variety of moves occurred across the industry, including advisor team transitions

RBC unveils executive leadership shuffle

The bank's decision to split its personal and commercial banking divisions was one driver, as was simplifying work flows

FSRA names interim CEO

Stephen Power will take over after Mark White steps down later this month

  • By: IE Staff
  • July 5, 2024 July 5, 2024
  • 12:45

U.S. spot ether ETFs begin trading, raising pressure on Canadian providers

Canada-listed ether ETFs have had three years’ head start

MSCI launches 130 private capital indexes

The move is expected to boost transparency, access in the private investment space

CrowdStrike outage: Investors, asset managers watch for impacts

Outage affecting airlines, hospitals and border crossings

ESMA’s long-term vision for sustainable investment

Paper seeks improvements to enable economic transition

Large dealers embrace remote exams: FINRA

Organization launches pilot program to allow remote supervision

Fund dealer complaints drop, bank gripes up: OBSI

Fraud claims pass suitability issues among investment cases

China cuts 1-year benchmark rate, doubles subsidies for EVs

It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020

U.S. economic growth increased last quarter

The country's GDP picked up between April and June: report

Fewer Americans file for jobless claims

Continuing claims have been on the rise in recent months