Since the Global Financial Crisis there have been 48 pieces of European Union legislation in financial services and many more delegated and implementing acts. Some rules have yet to be fully implemented and much detail still to be finalised.
The European Commission launched consultations and requested stakeholders submit evidence on how rules: 1) affect the ability of the economy to finance itself and grow; 2) result in unnecessary regulatory burdens; 3) interact and create inconsistencies in the rules framework; and 4) give rise to unintended consequences.
In launching the Call for Evidence, the Commission has not … Continue reading
IIAC’s Ian Russell on BNN – Factors Battering Bottom Lines of Boutique Firms (IIAC Blog)
IIAC’s Ian Russell on BNN – Factors Battering Bottom Lines of Boutique Firms (IIAC Blog)
Low commodity prices and increasing regulatory costs are resulting in layoffs and shutdowns in the investment industry. The Investment Industry Association of Canada’s President and CEO, Ian Russell, appeared on BNN to discuss the perfect storm hitting firms, the rising regulatory costs, and why there may be a light at the end of the tunnel. He was also asked what he would like to see in the March 22 federal budget. Click the icon to watch the interview.
Tagged: BNN Ian Russell Industry commentary Regulation
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