Global regulators target investment funds’ liquidity issues
FSB, IOSCO issue policy proposals to address redemption challenges
- By: James Langton
- July 5, 2023 July 5, 2023
- 13:03
FSB, IOSCO issue policy proposals to address redemption challenges
All eyes will be on the labour force survey at the end of this week
U.S. SRO aims to enable more efficient oversight as reps continue to work from home
BMO ranks among top 10 in global deal advisory business
Increases in bond yields helped reduce plan liabilities
Plus, more fund launches and closures
Poorer households hit harder by economic and financial conditions
Declining energy and food prices drive sharp drop in consumer prices in May
Office markets grapple with recession threat, interest rate hikes
The company plans to reduce IG Wealth Management offices
“Significant penalty” could result from the investigation, company says
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