The fallout could have been worse
There is nothing quite so parochial as a panel of people who all live similar daily realities, including going to all the same dinner parties
https://financialpost.com/opinion/peter-menzies-dont-make-all-regulators-live-in-ottawa
Opinion: The BTLR report proposes to destroy what makes the internet free, popular and innovative and to make it resemble the Canadian broadcasting system
Canadian securities regulation —national and provincial — needs a total review and overhaul
https://financialpost.com/opinion/terence-corcoran-canadas-regulatory-turtles
Our goal should be to achieve the public interest at the least economic cost
Martin Pelletier: Governments have fostered a culture of fair-share entitlement rather than motivating innovators to make the most of the rules
CFIB's challenge to all governments: Make this the year to implement a one-in-one-out rule to clean up regulatory excess
https://financialpost.com/entrepreneur/heres-why-every-city-hall-needs-a-good-decluttering
OSC aims to identify actions it can take to save time and money for Ontario's businesses
Canada has some 131,000 rules at the federal level alone; a regulatory review promises to be a massive undertaking involving hard decisions
A mass of federal and provincial government rules unnecessarily hinder business development, supply chains and operations
Access denied: Intended to keep the financial system safe, critics say regulations limit competition and consumers' choice
Policy changes appear to fall short of a full ban on embedded fees
Regulations could be destructive in an industry fuelled by constant change
The directive, whose goal is to unbundle the slew of services provided by sell-side firms, will affect all market participants
https://financialpost.com/news/fp-street/big-shakeup-coming-to-the-world-of-investment-research
Alistair Crawley: The siren call for the proposed expansion of IIROC powers to enforce its fines through the courts in Ontario has been welcomed with open arms and few questions
Regulators say the new enforcement tool will enable them to provide stronger protection to the investing public
The Financial Consumer Agency of Canada urges anyone who has received a credit card for which they did not apply, or experienced misleading credit card sales practices to lodge a complaint
Canada's market regulators are asking for comment on a paper proposing a ban on embedded fees — the strongest indication so far that prohibition is on the table
Canada’s banking watchdog is meeting with the industry after concerns were voiced about the challenges banks face meeting the new responsibilities
Maybe it’s a reflection of the different approaches adopted by two different directors of enforcement at the Ontario Securities Commission
The agreement is meant to help startups expand internationally and covers issues including robo or digital advice, crowd-sourced equity financing models, payments, and marketplace lending
Financial community welcomes federal power play to counteract a court decision two years ago that made banks subject to provincial laws as well as federal
Former IIROC lawyer Jeff Kehoe has been named director of enforcement at the Ontario Securities Commission, during a time of high turnover in the senior ranks
Canadian securities regulators will publish a paper by the end of the year that looks at the potential impacts of banning embedded fees for investment funds including mutual funds
'We will work to tailor regulation and oversight to their unique business models, as long as investor protections are in place,' said OSC chair
The Canadian Securities Administrators says it is making security a priority because of the increase in the frequency, complexity and cost of cyber attacks
National Bank analyst expects two headwinds to hit the Canadian housing market if the new rules go ahead: higher mortgage rates and a higher probability that foreclosures will increase
The regulator says it has uncovered a sophisticated kickback scheme for stock tips on impending takeovers and is investigating related money laundering through a religious organization
Megan McArdle: The future of sharing is more likely to look like the past than the future oft predicted by enthusiasts
Too early to tell how plans to keep taxpayers off the hook in the event of a bank collapse will affect the nation’s lenders, DBRS says
Canada's banking regulator said today it will require some banks to test how they would withstand a 50% cut in property prices in Vancouver and a 40% decline in Toronto
Whistleblowers could receive up to 15% of sanctions if tips lead to the successful prosecution of accounting fraud, insider trading and market manipulation
Letting big banks wiggle out of pending regulations designed to prevent another financial crisis is a dangerous and slippery slope, warns Midas Letter editor James West
http://financialpost.com/midas-letter/why-repealing-dodd-frank-would-threaten-canadian-investors
Canada's growing fintech sector is getting big enough to attract the attention of the country's competition watchdog
Provincial regulators can't agree on a 'best interest' standard that has gained traction in other countries from Australia to the United States
Spencer Lanthier says the reporting measures used by Valeant and almost every public company is following a trend that can be misleading to investors and analysts
'Any reform that causes investors to separate from their advisers, or to never hire one, would be counterproductive to the public policy goals of helping Canadians better prepare for retirement,'...
IIROC isn't that effective in collecting fines. Almost $28 million remains uncollected from 158 individual decisions – about $180,000 per individual
New rules that limit the use of poison pills will disrupt the strategies and tactics we've become used to in Canadian takeover battles, Drew Hasselback writes
Canadian regulators are this week expected to announce they will boost to 105 days the amount of time a hostile bid must remain open for acceptance, the Financial Post has learned
Departing OSFI official once colourfully urged bankers to resist 'the siren song of market share' that could cause them to ease up on mortgage underwriting practices
Don’t count Jerome Hass, a portfolio manager at Toronto-based Lightwater Partners Ltd., among the supporters of the new exempt market rules that went into effect in Ontario this week
Canada's investment industry is calling on provincial securities regulators to scrap a new form of fundraising for companies before it has even come into effect
Barry Critchley: If Suncor succeeds in getting support from holders of two thirds of Canadian Oil Sands shares, that takeover may be the last in Canada involving a poison pill hearing
Only one of 10 directors who failed to win shareholder's support had their resignation accepted, because the rules give companies too much wiggle room to keep them on, critics say
Stocks in companies on the firing line of new measures to prevent corporations avoiding taxes by moving abroad are falling today
FATCA is a ticking time bomb that threatens the long-term sustainable growth of America’s economy and its international economic standing
http://financialpost.com/opinion/nota-bene-the-fatca-hammer-blow
Canada's investment industry hails key victory in five-year fight to dull the impact of onerous new U.S. tax rules
The rating agency cuts outlook to negative from stable on the supported senior debt and uninsured deposit ratings of Canada’s seven largest banks
The securities look very much like the earlier version of five-year rate resets, except for one key difference
http://financialpost.com/news/fp-street/cibc-becomes-fifth-of-the-big-six-banks-to-issue-nvcc