Proposal aimed at helping banks withstand a credit crunch and preventing another financial crisis
Regulators in B.C. and Quebec issued warnings about firm back in 2011
FCA proposing to revise trules to ensure investors must be informed of risks, and be able to withstand possible losses
The firms had been previously warned about compliance deficiencies but failed to effectively act upon those warnings
Six agencies propose standards for assessing diversity policies and practices of the in financial firms they regulate
Declines in mortgage banking revenues and weak fixed-income trading results were the primary drivers of weaker earnings
Startup companies would be able to sell stock over the Internet to small-time investors
Failure to comply with CRA notices resulted in charges being laid
Large European banks will undergo a risk assessment, asset quality review, and stress test
FAIR Canada supports trading structure proposed by Aequitas