System-wide review launched in response to recent liquidity crunches in stressed markets
Announcement follows S&P's downgrade of firm in early May
Growing politicization of ESG investing in U.S. poses risk to asset managers, Moody's says
Traditional fund managers will be challenged to attract, retain assets
Role had been filled on an interim basis since Steve Hawkins departed in November
Regime to protect investors must also work for industry, regulator says
Sector's competition, regulation and risk will all be transformed, Fitch says
Recent portfolio changes addressed the challenges presented by high inflation, managers said
Big Four Canadian life insurers report near-record profits for 2022, DBRS says
Revenue growth across major business segments was outpaced by rising costs