Ultimately, reduced settlement cycle will pay off for overall financial system
Reaction to CIRO’s proposed changes is sharply divided
Industry pushes back on proposed restrictions on crypto holdings
Regulator seeks to outlaw derivatives on election outcomes, sports, other events
Regulator contemplates expanding eligible assets for retail investment funds
Global group of regulators seeks new secretary general
Rules were initially crafted to discourage excessive risk taking in the wake of the global financial crisis
New issue activity on track to meet US$950 billion full-year forecast
The regulator also wants to toughen enforcement and see better advice given at banks
Proposed appointment still needs to be confirmed by legislative committee