ESMA finds room for improvement in supervision of retail investment advice
There is scope to strengthen enforcement activities
- By: James Langton
- April 7, 2016 December 19, 2017
- 10:15
Latest news in From the Regulators
Regulators challenged by cyber risk
Cyber attacks may have systemic implications for the entire financial system
- By: James Langton
- April 6, 2016 January 22, 2018
- 16:20
IIROC to increase compliance on compensation-driven conflicts
The SRO says dealers lack a process for identifying reps that recommend products that generate higher revenue when cheaper alternatives exist
- By: James Langton
- April 6, 2016 December 19, 2017
- 12:00
U.S. unveils final version of fiduciary rule
The rule aims to ensure that retirement savers get investment advice in their best interest
- By: James Langton
- April 6, 2016 January 22, 2018
- 09:30
Revisions proposed to Basel III leverage ratio framework
Comments on the proposed revisions are due July 6
- By: James Langton
- April 6, 2016 December 19, 2017
- 08:35
Expert committee calls for regulation of financial planning, statutory duty
New report also recommends a simplified approach to dealing with consumer complaints and a consumer-friendly process for recovering losses
- By: James Langton
- April 5, 2016 November 9, 2019
- 13:25
CFTC awards whistleblower US$10 million
The information provided led to a successful enforcement action by the commission
- By: James Langton
- April 4, 2016 December 19, 2017
- 11:50
Less model reliance should reduce bank ratio variation: Fitch
Reducing banks’ reliance on internal models could boost public confidence in regulatory capital ratios
- By: James Langton
- April 4, 2016 December 19, 2017
- 10:50
Court dismisses appeal in $65-million fraud case targeting B.C. seniors
David Michaels has not paid the BCSC any of the $5.8 million he earned by bilking clients, nor has he paid the $17.5 million fine
- By: Camille Bains
- April 1, 2016 January 22, 2018
- 15:45
FSB to tackle asset management risks
The regulators will launch a public consultation in mid-2016
- By: James Langton
- April 1, 2016 December 19, 2017
- 14:15
Basel report examines variability in banks’ methods to calculate risk-weighted assets
The report sets out best practices for banks to independently validate their models
- By: James Langton
- April 1, 2016 December 19, 2017
- 11:20
U.S. regulator seeks feedback on fintech framework
OCC shares its perspective on responsible innovation in the banking sector
- By: James Langton
- March 31, 2016 December 19, 2017
- 15:00
IIROC report highlights need to strengthen enforcement powers
The total sanctions imposed in 2015 increased year over year, while the collection rate fell
- By: James Langton
- March 31, 2016 January 22, 2018
- 14:00
Regulators mull better aligning the interests of clients and advisors
A CSA consultation paper will be published at the end of April
- By: James Langton
- March 31, 2016 January 22, 2018
- 12:45
CSA seeks comment on proposed proxy voting protocols
The measures aim to increase the accuracy, accountability and reliability of the proxy voting process
- By: James Langton
- March 31, 2016 January 22, 2018
- 11:45
OSFI seeks comment on draft LICAT guideline
The new guideline will replace the existing life insurance capital test guideline
- By: James Langton
- March 31, 2016 January 22, 2018
- 09:50
Insurance regulators relying on MGAs to identify agent misconduct
The ICBC has set up a quasi “help line” inviting MGAs to call the regulator in cases in which they identify a potential problem with…
- By: Megan Harman
- March 31, 2016 December 19, 2017
- 09:00
NASAA unveils training program to combat elder financial abuse
State securities regulators to offer training to broker-dealers and investment advisors
- March 30, 2016 December 19, 2017
- 14:05
Ontario man sentenced to jail for securities violations
Vernon Smith was convicted on two counts of unregistered trading, one count of unregistered advising, and four counts of breaching OSC cease trade orders
- By: James Langton
- March 30, 2016 December 19, 2017
- 13:50
IIROC and FSCO sign disciplinary information-sharing agreement
The regulators will work together to strengthen consumer protection in Ontario
- By: James Langton
- March 30, 2016 January 29, 2018
- 13:30
Australian regulators concerned about industry culture
Poor industry conduct has eroded the trust and confidence of investors
- By: James Langton
- March 30, 2016 December 19, 2017
- 12:00
Insurance regulators contemplate new disclosure requirements for seg funds
The CCIR plans to publish a consultation paper this spring to discuss potential methods of closing the gap between mutual fund and seg fund disclosure…
- By: Megan Harman
- March 30, 2016 December 19, 2017
- 11:30
BIS launches survey of FX and OTC derivatives markets
The survey aims to help central banks monitor developments in global financial markets
- By: James Langton
- March 30, 2016 December 19, 2017
- 09:30
Alberta NDP government rejects proposed national securities regulator
Province requires its own “unique” regulator, finance minister says
- By: Ian Bickis
- March 29, 2016 December 19, 2017
- 16:35