Large U.S. banks to publicly disclose liquidity strength
U.S. banking regulators adopt new rule
- By: James Langton
- December 19, 2016 December 19, 2017
- 15:30
Latest news in From the Regulators
European Supervisory Authorities won’t take action on robo-advisors
Regulators publish conclusions on automation in financial advice
- By: James Langton
- December 19, 2016 December 19, 2017
- 12:30
European regulators consult on big data
Discussion paper asks whether the existing regulatory framework is sufficiently flexible, has gaps which need to be filled and how it impacts the use of…
- By: James Langton
- December 19, 2016 December 19, 2017
- 11:10
OSFI to review expectations for boards of directors
The regulator is starting its review with a sample of boards from federally regulated financial firms of different sizes and business models
- By: James Langton
- December 16, 2016 December 19, 2017
- 17:00
AMF increases regulatory fees in Quebec for 2017
For firms regulated under securities law, among others, fees are going up by 0.74%
- By: James Langton
- December 16, 2016 December 19, 2017
- 16:35
IOSCO guidance focuses on best practices stemming from LIBOR scandal
The guidance sets out the regulators’ expectations about the level of detail that should be included in disclosure from benchmark administrators
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:45
FSB proposes new guidance on resolution standards for big banks
The guidance addresses the risk of a bank in resolution being unable to maintain access to critical clearing, payment, settlement and custody services
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:40
FINTRAC issues guidance on financial crimes associated with sex trafficking
The purpose of the alert “is to support financial institutions in recognizing and reporting” financial transactions that may be related to sex trafficking
- By: James Langton
- December 16, 2016 December 19, 2017
- 10:30
Regulators flag major concerns with industry compensation practices
The CSA, IIROC and the MFDA identify how compensation arrangements create conflicts of interest or lead advisors to sell unsuitable products
- By: James Langton
- December 15, 2016 December 19, 2017
- 15:50
No-contest settlement with BMO firms will see clients repaid $50 million
The BMO subsidiaries will also make a $2.1-million payment to the OSC and pay $90,000 in costs for overcharging certain retail clients
- By: James Langton
- December 15, 2016 December 17, 2018
- 15:00
CSA proposes alternative funds be made available to retail investors — with safeguards
Dan Richards, CEO, Client Insights and Rebecca Cowdery, partner at Borden Ladner Gervais LLP, discuss the Canadian Securities Administrators' proposal to make alternative funds available…
- By: Dan Richards, Rebecca Cowdery
- December 15, 2016 November 7, 2018
- 14:25
ESMA proposes rule changes to data trade repositories report
The proposal is part of an effort to improve transparency in the over-the-counter (OTC) derivatives markets
- By: James Langton
- December 15, 2016 December 19, 2017
- 12:55
CSA delays release of paper on reforms to mutual fund fees
The regulators will now release the paper on Jan. 10, 2017, which will go then go out for a longer than usual comment period of…
- By: James Langton
- December 15, 2016 November 9, 2019
- 12:30
OSFI releases final new capital rules for mortgage insurers
The new rules have adopted several changes resulting from the feedback the federal regulator received during the consultation period
- By: James Langton
- December 15, 2016 December 19, 2017
- 11:45
IOSCO warns of impact of three new international accounting standards
The group is asking companies to disclose the likely effects of the new standards on their financial statements
- By: James Langton
- December 15, 2016 December 19, 2017
- 10:25
Australia regulator introduces first fintech licensing exemption
Under the exemption, fintech firms will be allowed to experiment their new, innovative services with a limited number of retail investors
- By: James Langton
- December 15, 2016 December 19, 2017
- 10:00
FINTRAC in favour of global efforts to oversee money services businesses
The International Supervisors Forum is aiming to co-ordinate compliance and enforcement activities on businesses that transmit or convert money
- By: James Langton
- December 14, 2016 December 19, 2017
- 17:40
IPC to pay $100,000 as part of settlement with the MFDA
The firm failed to report to the MFDA suspected prohibited trading activities of one advisor and inadequately supervised the investment recommendations of another advisor
- By: Tessie Sanci
- December 14, 2016 December 19, 2017
- 15:30
U.K. regulator proposes changes to its financial services compensation fund
The FCA is considering making certain terms of professional indemnity insurance mandatory and updating limits on consumer coverage
- By: James Langton
- December 14, 2016 December 19, 2017
- 10:35
OSC to consider no-contest settlement with BMO firms
The firms face the prospect of regulatory sanctions for allegedly overcharging some retail clients
- By: James Langton
- December 13, 2016 December 19, 2017
- 10:40
IIROC to hold next continuity planning test in October 2017
The self-regulatory organization will be seeking volunteers to take part in the test, which will coincide with a similar exercise in the U.S.
- By: James Langton
- December 9, 2016 December 19, 2017
- 16:10
OSFI releases revisions to the capital rules
The revised rules include measures designed to curb risks in the housing market
- By: James Langton
- December 9, 2016 December 19, 2017
- 15:10
SEC announces second whistleblower award this week
The whistleblower will receive more than US$900,000, meaning the SEC has awarded a total of 37 whistleblowers more than US$136 thus far
- By: James Langton
- December 9, 2016 December 19, 2017
- 12:35
IIROC hearing panel bans and fines former advisor $275,000
Jeffrey Edward Gebert borrowed more than $500,000 from his wife’s 93-year-old grandfather, also his client, without disclosing the arrangement
- By: James Langton
- December 9, 2016 December 19, 2017
- 11:25
FCA considers more prescriptive rules for crowdfunding
The regulator has found it difficult for investors to compare crowdfunding platforms with each other and with other asset classes
- By: James Langton
- December 9, 2016 December 19, 2017
- 10:25