Fund managers falling short on liquidity, U.K. regulator warns
Review finds widespread failings in asset managers' practices and governance
- By: James Langton
- July 6, 2023 July 6, 2023
- 14:15
Review finds widespread failings in asset managers' practices and governance
Regulators issue guidance on valuation, liquidity and custody issues for crypto funds
The B.C. port strike will likely put a dent in July's trade figures
Buyer interest remains high but supply is tight and mortgage rates tough to grapple with
The job market's sturdiness has raised doubts about whether a downturn is inevitable
Cash-like funds still dominated but National Bank noted a shift in risk sentiment last month
Divisional Court upholds tribunal's analysis in OSC enforcement action
Many economists described the message from the June meeting as a blurry one
The regulator said those who use titles require more time to comply with the framework
The US$4.3-billion deal is expected to close in the first half of 2024
The FCAC said it would monitor financial institutions' level of compliance with the new expectations
Regulator proposes consolidated tape, other reforms to boost markets
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