Crypto a threat to financial, economic stability
FSB and IMF call for comprehensive regulation of crypto sector
- By: James Langton
- September 7, 2023 September 7, 2023
- 16:43
FSB and IMF call for comprehensive regulation of crypto sector
The central bank cut its reference rate from 6.75% to 6%
In a speech on Thursday, BoC governor said reining in inflation is the best way the central bank can support the economy
Alleged misconduct included untrustworthiness, fraud and deception
Regulators allege the scheme took over US$300 million from investors
Exec is the fourth high-ranking official at the company or its affiliates to plead guilty to criminal charges
Softer jobs market, new listings, restrictive mortgage market all work against housing
Regulators' year in review also detailed crypto oversight, CFR sweep
CEO cites stress, health in decision to resign from post
Higher upfront cost reduces long-term risks for economy, banks
Ontario and British Columbia premiers also make direct appeals to the bank to not increase rates
Experts weigh in on the Bank of Canada's intentions
Unemployment rate of 6.7% forecast, with anticipated job losses of about 50,000
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