FSB targets cross-border payments regulation
Proposals seek to combat regulatory arbitrage, level playing field
- By: James Langton
- July 16, 2024 July 16, 2024
- 16:17
Proposals seek to combat regulatory arbitrage, level playing field
Regulators recalibrate for zero-rate environments
Consultation aims to clarify and improve compliance with trading rules
Joint tax committee will ask Finance to change the existing legislation
Ticketmaster data breach highlights importance of investing in cybersecurity
Report comes amid upheaval in retail landscape
Progress against accelerating prices has been slowed by stickier-than-expected inflation for services
Actual housing starts were markedly lower in two of Canada's three major cities compared with June 2023
The inflation reading is the last before the Bank of Canada's next interest rate decision
Self-regulatory organization reported year-over-year decline in decisions and sanctions
SEC's bid for enhanced oversight rejected amid sector's rapid growth
Consultation to review consumer protection, competition, systemic risk concerns
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales