Monthly Archives: December 2015

Infographic: Canada’s Securities Industry At-a-Glance (IIAC Blog)

Infographic: Canada’s Securities Industry At-a-Glance (IIAC Blog)

The Investment Industry Association of Canada has developed an “infographic” that describes the salient features of our industry—from the number of employees, to the dimension of the capital markets business, to taxes paid and charitable donations. It is designed to convey the important contribution the investment industry makes to capital markets, the economy and communities across Canada. The information has been drawn from a variety of sources, including Statistics Canada, Investor Economics, IIROC and a confidential survey of our members.

You may find the infographic useful and compelling in summarizing the characteristics of our industry to … Continue reading

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Enhancing Corporate Bond Transparency (IIAC Blog)

Enhancing Corporate Bond Transparency (IIAC Blog)

In September 2015, the Canadian Securities Administrators (CSA) released its long-awaited proposals to enhance corporate bond transparency. In my December 2015 Letter from the President, I discuss the existing CanPX transparency system and the flaws in the IIROC Market Trade Reporting System which was introduced on November 1, 2015, before sharing my thoughts on the optimal transparency approach.

Highlights:

*In striking a new direction for corporate bond transparency, the CSA needs to ensure it understands the full implications of its proposed model, and be convinced that the new approach reaches a better public interest objective.

*The … Continue reading

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Unlock Private Capital to Kick-Start the Economy (IIAC Blog)

Unlock Private Capital to Kick-Start the Economy (IIAC Blog)

In an article in Policy Options – the Institute for Research on Public Policy (IRPP)’s flagship publication – I presented a three-pronged approach to unlock private capital to kick-start the economy.

First, we need a plan to help small businesses raise equity capital to promote entrepreneurship and kick-start the economy.

Second, we must draw private capital to invest in infrastructure, especially for smaller and medium-scale projects (i.e. under $200 million) that are not as attractive for large pension funds because of their relatively small investment scale.

Third, we need to encourage private savings for retirement.

Canada … Continue reading

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