With its new ability to focus strictly on regulation, many IDA members might well be wondering what direction the industry’s self-regulatory organization will take and what systems will be overhauled, particularly in the wake of the proposed merger with Market Regulation Services (RS). In one of his last speeches at president and CEO of the […]
Canada’s provincial securities commissions have traditionally held very different views about how to govern investment dealers in their respective jurisdictions. But it would seem several have decided to drop their adversarial ways and present more of a united front. More and more, the commissions are talking about principles-based regulation to govern the industry — calling […]
Times are good for investment dealers in Canada — earnings have increased more than 58% in the past three years and operating profits are at all-time highs. Wealth management businesses have set new records and institutional businesses are also posting strong results, business models are evolving and the industry has adapted, squeezing high earnings out […]
The rise of emerging markets is real but crises and volatility have kept many investors away from the sector. But for those who are conscious of the risks, there are a number of persuasive arguments in favour of allocating or re-allocating at least some resources to the sector. Investment Industry Association of Canada (IIAC, formerly […]
In its relatively new role, separate from the Investment Dealers Association self regulatory organization, the IDA trade association is working to forge a new image, beginning with a name change. Following a membership vote held last night at the IDA Industry Association annual general meeting, the group will now called the Investment Industry Association of […]
Realizing value from your outsourcing arrangements is a matter of partnering with your vendor, creating a well drafted, fair and flexible contract and a certain amount of commitment — both on the part of management and the vendor to make the relationship work. Technology vendors and their customers gathered in Toronto earlier this week to […]
The Bank of Canada released its bi-annual Financial System Review today, a broadly inclusive compilation of industry statistics, research and analysis designed to improve understanding of recent developments and trends in Canadian and international financial systems. Although some parts of the report do not provide any new research or analysis, the volume of statistics and […]
Alberta’s minister of finance is wrapping up a visit to Toronto, having met with the Council of Ministers of Securities Regulation — which she chairs — to review progress on the passport system and the initiative to harmonize and streamline securities laws across Canada. “We are extremely pleased with the work that’s been done to […]
Financial institutions in Canada — all of them — admit they’ve experienced information security breaches in the past year, according to an international survey. Globally, two out of the three most common attacks in the financial industry were deployed to extort some form of monetary gain, which implies professional hackers and organized crime have set […]
There’s a new level of communication and cooperation happening among managing general agencies and carriers on the technology front, an almost unheard of development in the sector, as the issue of data exchange moves out of IT back rooms and into MGA boardrooms. After several years of investing in technology upgrades more business executives are […]