Tag Archives: Regulation

Call for Evidence on EU Regulatory Framework for Financial Services (IIAC Blog)

Call for Evidence on EU Regulatory Framework for Financial Services (IIAC Blog)

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

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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. 

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2015 Boutique Earnings Battered by Poor Markets and an Escalating Regulatory Burden (IIAC Blog)

2015 Boutique Earnings Battered by Poor Markets and an Escalating Regulatory Burden (IIAC Blog)

My latest Letter from the President summarizes the recently released annual results for investment dealer firm groupings over the past year. 2015 was one of the worst years in terms of cost increases, earnings performance, layoffs and firm attrition. Retail and institutional boutique firms were hard-hit by a perfect storm of adverse cyclical and structural business conditions, the need for new technology and relentless escalating regulatory compliance costs. The pressures on business lines unleashed structural change in the industry—from firm downsizing, to mergers and acquisitions, to firm closures.

The considerable impact of the compliance burden on … Continue reading

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IIAC Launches Bond Market Newsletter (IIAC Blog)

IIAC Launches Bond Market Newsletter (IIAC Blog)

The IIAC has launched a new publication titled “IIAC Fixed Income Market Regulatory Update.” You can read our inaugural issue by clicking here.

This monthly newsletter will bring you up-to-date on bond market regulatory developments in Canada, the U.S., Europe and Asia. It also includes relevant links and IIAC commentary.

If you or others in your organization are impacted by regulatory changes in the fixed income markets, then this publication is for you.

The November 2015 issue covers topics such as:

– CSA next steps in regulation and transparency of Canada’s fixed income market

– Municipal … Continue reading

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