Tag Archives: capital markets

Ontario Capital Markets Modernization Taskforce Delivers Final Report

Ontario Capital Markets Modernization Taskforce Delivers Final Report

The Taskforce submitted its final report to the Minister of Finance, which includes 74 policy recommendations. These recommendations are intended to modernize Ontario’s capital markets and drive innovation, competition and diversity.

The final report contains recommendations on improving regulatory structure to enhance governance; improving competitiveness through regulatory measures; ensuring a level playing field between large and small market players; improving the proxy system, corporate governance and the process of mergers and acquisitions; fostering innovation; and modernizing enforcement and enhancing investor protection.

The Modernization Taskforce has introduced a range of innovative remedies to … Continue reading

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Challenges Faced by Financial Institutions in Global Capital Markets (IIAC Blog)

Challenges Faced by Financial Institutions in Global Capital Markets (IIAC Blog)

Earlier this month, I attended the International Capital Market Association’s 50th AGM and Conference. Issuers, investors, intermediaries and market infrastructure providers from the cross-border fixed income markets, together with market experts, regulators and policy makers, discussed the state of the global industry and future developments.

In Europe and elsewhere, financial markets are continuing to evolve rapidly, influenced by regulation, disruptive financial technology, demographic trends and an increasingly important environmental agenda.

The Canadian industry is closely watching developments in Europe in the advent of MiFID II. The general view in Europe is that improved post-trade transparency should help … Continue reading

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Worrisome Fragmentation of Global Capital Markets (IIAC Blog)

Worrisome Fragmentation of Global Capital Markets (IIAC Blog)

In my May Letter from the President, I discuss developments that threaten fragmentation of global capital markets. These include Brexit, the rise of populism and protectionism across Europe and elsewhere, and the push for deregulation and dismantling of existing regulations.

Global and regional authorities are working to maintain open and integrated markets to ensure the smooth and efficient functioning of markets. However, there are no quick fixes. Bond and repo market liquidity conditions remain a concern. Automation has the potential to transform the industry and deliver more liquidity to investors.

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Capital Markets Regulatory Authority Initial Board of Directors Announced (IIAC Blog)

Capital Markets Regulatory Authority Initial Board of Directors Announced (IIAC Blog)

The Investment Industry Association of Canada (IIAC) welcomes today’s announcement of the initial slate of Board of Directors for the Capital Markets Regulatory Authority (CMRA). The appointment of the 15 new Board members is an essential step in moving forward with the build-out and expected launch of the new cooperative regulator in 2018.

The IIAC commits the full support of its constituent member firms and professionals to assist the newly appointed Board of Directors in carrying out its mandate. We are convinced that, under the effective leadership of Chair William A. Black, the new Board of the … Continue reading

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