Monthly Archives: December 2014

For the Record: The Proposed Securities Regulator has Major Advantages, Minor Problems

For the Record: The Proposed Securities Regulator has Major Advantages, Minor Problems

Over the past month, there’s been an onslaught of editorials and opinion pieces in the Financial Post harshly critical of draft legislation proposed for the cooperative securities regulator. The latest was an editorial by Terence Corcoran on December 22 taking specific criticisms from submitted responses to the draft legislation out of context and using them as evidence of  supposed widespread opposition to the draft legislation and the cooperative regulator.  

Here’s part of Ian Russell’s response which appears in today’s Financial Post:

I was surprised to see the IIAC cited as a critic of the legislation in a December 22 editorial by … Continue reading

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On this Day in History…

On this Day in History…

On this day in 1963, total trading volume for the year-to-date exceeds 1.124 billion shares on the New York Stock Exchange, finally surpassing the annual record set in 1929.

 

 

 

 

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IE: IIAC steps up lobbying to delay CRM2

IE: IIAC steps up lobbying to delay CRM2

The following article, which was written by James Langton and appears today on Investment Executive.com, outlines why the IIAC is urging the Canadian Securities Administrators (CSA) to agree to an extension of the CRM2 implementation deadline:

The Investment Industry Association of Canada (IIAC) is stepping up its push for an extension to the final implementation of certain reporting requirements under the Client Relationship Model (CRM2).

In a letter to Bill Rice, chairman of the Canadian Securities Administrators (CSA) and chairman and CEO of the Alberta Securities Commission (ASC), the IIAC sets out its case for pushing back the deadline … Continue reading

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Season’s Greeting from the IIAC

Season’s Greeting from the IIAC

 

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StreetBeat’s Top Ten in 2014

StreetBeat’s Top Ten in 2014

Launched in March 2014, StreetBeat not only serves up IIAC and industry news, it also provides historical perspectives relevant to capital markets and top ten lists on everything from Twitter feeds to Canada’s top jobs in finance.

Considering the popularity of two top ten lists in particular, we decided to provide the most popular StreetBeat entries of the year.  They are:

#10Flash Boys: Why What Happened in the U.S. Didn’t Happen Here – an industry letter from Ian Russell, IIAC President and CEO. June 2nd

#9Trading Before the Days of Broadband (and Teleregister) – a visual history illustrating … Continue reading

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What are Investment Industry CEOs Predicting for 2015?

What are Investment Industry CEOs Predicting for 2015?

Ian Russell, IIAC President and CEO, will be one of three keynote speakers at The Empire Club of Canada’s Outlook Luncheon on Thursday, January 8, 2015 in Toronto.  Mr. Russell will be unveiling the results of the third annual IIAC Capital Markets Outlook:  A Survey of Canada’s Investment Industry CEOs.

 

 

 

Where:  The Royal York Hotel, Concert Hall

When:Thursday, January 8, 2015 Noon

It’s worth noting that the previous two survey results (2013 Outlook and 2014 Outlook) have been remarkably accurate and, as a result, we’re anticipating the same will hold true this time around.

Tickets … Continue reading

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Banks Continue to Battle Cybersecurity Challenges

Banks Continue to Battle Cybersecurity Challenges

CDW Financial Services has produced a compelling infographic regarding the challenges facing the financial services industry when it comes to cybersecurity.  In an effort to determine the extent of the threats, CDW surveyed more than 150 U.S. bank managers familiar with cybersecurity issues.

 

Take a look at our latest infographic, which debunks cybersecurity myths, highlights vulnerabilities and provides an overview of best-in-class solutions to keep cyber criminals at bay.

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IIAC Seeks Volunteers for Financial Literacy Steering Committee

IIAC Seeks Volunteers for Financial Literacy Steering Committee

Committee will focus on educating post-secondary school students

The IIAC is establishing a steering committee of industry volunteers from among our wealth management professionals to examine the merits of a financial literacy program delivered through on-line webinars to university and college students.

These Canadians, many with student debt loads, are ready to embark on their key earning years and could benefit enormously from basic knowledge of debt and equity markets, financial investments, the techniques of building on an efficient financial portfolio, and managing ongoing cash flow and savings.

The IIAC’s staff, under the direction of a steering committee, would … Continue reading

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The Glut of Oil

The Glut of Oil

Here’s an insightful post on the “glut of oil” from a highly regarded source on oil prices, Professor James Hamilton at Econbrowser and the University of California, San Diego.

His primary focus is the impact of North American oil sands production on current oil prices. Using straightforward (and easy to understand) graphs and charts, he compares Canadian, U.S. and world oil production by source and concludes:

So here’s the basic picture. The current surplus of oil was brought about primarily by the success of unconventional oil production in North America, most new investments in which are not … Continue reading

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Throwback Thursday

Throwback Thursday

On this day in 1930:  Bank of the United States’ New York branch closes its doors ultimately leading to one of the worst banking disasters in U.S. history.

The day before, a large crowd had gathered at the Southern Boulevard branch in the Bronx seeking to withdraw their money, and started what is usually considered the bank run that started the Great Depression (though there had already been a wave of bank runs in the southeastern part of the U.S., at least as early as November 1930). The New York Times reported that the run was based on a false rumour … Continue reading

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