Fed puts U.S. banks under scrutiny
Capital review gives 30 institutions green light, but Morgan Stanley must submit new plan
- By: James Langton
- June 29, 2016 December 19, 2017
- 16:55
Latest news in From the Regulators
OSFI releases new guidance for managing operational risk
The new, principles-based guideline formalizes OSFI’s expectations for banks and insurers to address these risks
- By: James Langton
- June 29, 2016 December 19, 2017
- 14:10
MFDA sanctions Sterling Mutuals
The settlement is as a result of allegations that Sterling failed to investigate a client complaint and supervise a couple of reps properly
- By: James Langton
- June 29, 2016 December 19, 2017
- 11:50
FINRA sanctions Deutsche Bank Securities
The US$6-million fine stems from the firm’s deficient reporting of trading data
- By: James Langton
- June 29, 2016 December 19, 2017
- 11:00
IOSCO, CPMI issue guidance on cyber resilience
The guidance calls on firms to undertake rigorous testing and to instil a culture of cyber risk awareness, among other things
- By: James Langton
- June 29, 2016 December 19, 2017
- 10:40
New SEC rule to require plans for dealing with major disruptive events
The new rule aims to minimize client and investor harm in case a firm cannot prevent major disruptions to its operations
- By: James Langton
- June 29, 2016 December 19, 2017
- 05:15
Jail sentence given in Alberta for involvement in “pump-and-dump” scheme
Caroline Meyers has been ordered to spend two years in jail while her co-accused received an 18-month conditional sentence and permanent ban
- By: James Langton
- June 28, 2016 December 19, 2017
- 13:40
Canada gets nod from international regulators
IOSCO and CPMI cite progress toward stability of market infrastructures
- By: James Langton
- June 28, 2016 December 19, 2017
- 10:35
BCSC permanently bans and fines New Zealand-based Asia Finance
The provincial regulator says the firm was never registered in B.C. and that it did not take reasonable precautions to avoid selling securities to B.C.…
- By: James Langton
- June 27, 2016 December 19, 2017
- 15:05
OSFI proposes rules to recover costs of overseeing PRPPs
Proposed changes would amend the rules to permit the annual assessment of PRPPs on the same basis as other private pension plans
- By: James Langton
- June 27, 2016 December 19, 2017
- 14:35
Boom/bust cycles must be tempered
International bank calls for rebalancing of policy and structural reforms to encourage long-term growth
- By: James Langton
- June 27, 2016 December 19, 2017
- 14:10
OSC Dialogue 2016 to explore disruption
Conference brings together leaders in digital finance and capital markets
- By: James Langton
- June 23, 2016 December 19, 2017
- 14:35
IIROC to publish corporate debt trading data
Regulator takes over from CanPX as information processor
- By: James Langton
- June 23, 2016 December 19, 2017
- 10:50
Global regulators eye asset management industry risks
FSB consults on proposed policy recommendations to address structural vulnerabilities from asset management activities
- By: James Langton
- June 22, 2016 December 19, 2017
- 14:40
Former rep to be penalized for unauthorized transactions
Advisor received almost $16,000 from trades executed after client’s death
- By: James Langton
- June 22, 2016 December 19, 2017
- 10:55
U.S. court orders Canadian trio to pay more than US$3 million: CFTC
Fraudulent scheme solicited C$2 million from at least 30 investors in the U.S. and Canada
- By: James Langton
- June 21, 2016 December 19, 2017
- 10:40
AMF rolls out whistleblower program
The program will protect tipsters, but will not offer monetary rewards
- By: James Langton
- June 20, 2016 December 19, 2017
- 12:45
IIROC, B.C. regulator to strengthen consumer protection
The self-regulatory organization has signed a memorandum of understanding with the Insurance Council of British Columbia
- By: James Langton
- June 20, 2016 December 19, 2017
- 11:50
CSA publishes list of protected, unprotected markets
Several markets will be considered unprotected for the purposes of the revised order protection rule
- By: James Langton
- June 20, 2016 December 19, 2017
- 11:30
U.K. regulator establishes financial advice working group
The group will pursue three of the recommendations of the U.K. Financial Advice Market Review
- By: James Langton
- June 20, 2016 December 19, 2017
- 10:50
MFDA fines former mutual fund salesman $150,000
Eric Ng has also been banned from the securities industry
- By: Tessie Sanci
- June 17, 2016 December 19, 2017
- 13:45
Bank of England to open settlement system to non-banks
The central bank has also launched a fintech accelerator program
- By: James Langton
- June 17, 2016 December 19, 2017
- 08:35
IIROC steps up membership disclosure obligations
The new policy aims to increase investor awareness about standards firms must meet and investor protections that are in place
- By: James Langton
- June 16, 2016 December 19, 2017
- 10:50
OSC to launch whistleblower program next month
Regulator prepared to pay for information that uncovers major industry misconduct
- By: James Langton
- June 16, 2016 December 19, 2017
- 10:20
Basel Committee publishes assessments on rules for systemically important banks
The committee evaluated the G-SIB and D-SIB frameworks in the United States, Europe, Japan, China and Switzerland
- By: James Langton
- June 16, 2016 December 19, 2017
- 09:20