The Office of the Superintendent of Financial Institutions has published a proposed new framework for setting capital requirements in the insurance industry.In a letter to the industry, OSFI explains that a working group comprised of the Autorité des marchés financiers, OSFI and Assuris was formed to update the current solvency framework in anticipation of the […]
Connor, Clark & Lunn Capital Markets Inc. announced today that CC&K 2008 Flow-Through Limited Partnership has completed the second and final closing of its initial public offering of limited partnership units.The partnership issued an additional 114,182 limited partnership units at $25 each for gross proceeds of $2,854,550. Including the first closing, the total gross proceeds […]
Group plan has more than $87 million in assets under management
Incentives matter when it comes to shaping both individual and corporate behaviour. Financial services firms — and their regulators — must absorb this truism and do a better job of ensuring they aren’t encouraging recklessness.Ever since the credit crunch took hold, regulators and policymakers have been trying to unpick the root causes of the crisis […]
24 more symbols to begin trading on platform
Advisor series fee changes effective today
Western Pacific Trust Co. today announced that Anthony Liscio, chairman of the board of directors, is assuming the position of president and CEO effective April 1.Liscio has been a director of the company since Oct. 8, 2004, and chairman of the board since Dec. 7, 2004.He takes over from Rocco Liscio (no relation), who has […]
$100,000 club keeps getting bigger at securities commission
Two Trimark funds dropped