OSC fines firm, two execs for ABCP disclosure failings
Tables will provide investors with insight into asset and mortgage-backed securities transaction data
OSC says firm could still bring a motion for a stay at a later stage, or seek a review of any final decision in the case
Canada may have suffered only a mild version of the financial crisis, but the episode awoke Canadian policy-makers to the dangers of complex products and the threat of systemic risk. The latest result of this awakening is an effort to recast the exempt market and steer small investors clear of such convoluted investments.There has been […]
ABCP hearing had been set to resume in April
New disclosure requirements needed
ABCP disciplinary proceedings adjourned until April 2011
Autonomy of investment teams and the focus on achieving results by individual portfolios inhibited sound risk management culture
Half the penalties will be paid into the Education and Good Governance Fund
Deutsche Bank Securities, Coventree dispute allegations by regulators