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IIAC - Investment Industry Association Of Canada
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Charyl Galpin of BMO Wealth Management Re-Appointed IIAC Board Chair

At its Annual General Meeting in Montreal today, the Investment Industry Association of Canada (IIAC) announced its 2018-19 Board of Directors, including the re-appointment of Charyl Galpin, Chief Regulatory Officer, BMO Wealth Management, as IIAC Board Chair, and Steven Donald, Executive Vice-President, CI Financial Corp., as Vice-Chair.

“I am honoured to continue serving as Chair of the IIAC,” Galpin said. “I look forward to working with our Board to ensure the IIAC remains an effective advocate for member firms, fighting for efficient regulation and capital markets, promoting capital formation and supporting members with services and resources to help ensure their success,” she added.

“Our Board’s experience and expertise will be a tremendous asset as the IIAC continues to lead Canada’s investment industry through sweeping regulatory reform and technology-driven transformation of business operations in response to client demand and competitive pressures,” said Ian Russell, IIAC President and CEO.

Click here to see the list of 2018-19 IIAC Board of Directors: https://iiac.ca/wp-content/uploads/IIAC-2018-AGM-News-Release-June-6.pdf
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FinTech innovations are revolutionizing the financial services industry, driving new business models, applications, processes and products. At the same time, FinTech technologies raise novel regulatory, technical and legal issues for firms and their customers.

Tomorrow, the Investment Industry Association of Canada will welcome attendees, speakers, vendors and sponsors to the 2018 IIAC FinTech Summit.

FinTech leaders who will share their insights on how Member firms can harness FinTech to trim costs, streamline operations and offer better value propositions to their clients. Attendees will learn from legal, regulatory and technical experts on how to navigate this new terrain.

This SOLD OUT event would not have been possible without the generous support of our sponsors:

Appway, Fundata Canada, PureFacts Financial Solutions, Broadridge Canada, TickSmith, Fidessa, Google, Equisoft, Agreement Express, Finance Montréal, Splunk, Portfolio Aid Inc., Croesus - Wealth Management Solutions, Everton Carlisle Group, Fidelity Clearing Canada, VigilantCS, CIBC Mellon, and NICE Actimize.
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Opportunities in the Canadian Green Bond Market

The IIAC is conducting research on opportunities in the Canadian green bond market. Green bonds, issued by public and/or private entities, fund projects that are certified to have positive environmental and/or climate benefits.

As a first step, we have released a position paper that serves as an introduction on the underlying features of the global and Canadian marketplace for green bonds. The paper includes information on:

– The size of the global market and major players.

– Projects that take up the largest share of green bond funds.

– Current and prospective Canadian green bond issuers.

– Canadian market dynamics to date in 2018.

The IIAC paper will be updated in early summer, 2018 to include recommendations, developed in consultation with the IIAC’s Debt Markets Committee and debt syndicate working group, to promote the development of a more liquid green bond market in Canada.

Read more here: https://iiac.ca/wp-content/uploads/CanadianGreenBondMarket-Todd-April2018.pdf
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Letter from the IIAC President

In his latest Letter from the President, IIAC's Ian Russell writes about China’s steady integration into the global economy and financial markets, and the massive infrastructure projects it has launched to protect its economic influence. He notes there are many opportunities for Canadian firms presented by the Belt and Road Initiative – a massive infrastructure project linking China to central and south-east Asia and Europe. Financing the Belt and Road Initiative will take many different forms, including the monetization of resource assets. The needed valuations of these resource assets provide an attractive opportunity for many Canadian businesses with expertise in this area.

For more information, click here: http://iiac.ca/wp-content/uploads/IIAC-Letter-from-the-President-Vol-115.pdf

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Boosting Flagging Business Investment

On the surface, Canada’s economy seems to be doing well. Yet, there is one area of persistent weakness that weighs on policy makers – private sector capital formation. Canada is well down on the list of OECD countries when it comes to business spending as a share of GDP.

Businesses investment in physical capital (especially machinery and equipment) matters critically for productivity growth. It spurs innovation, efficiency gains and increased competitiveness.

In his January Letter from the President, he outlines some reasons as to why businesses may be underinvesting and proposes some policy initiatives to boost capital formation in the country. You can read it here: http://iiac.ca/wp-content/uploads/IIAC-Letter-from-the-President-Vol-114.pdf
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The January 2018 Global Cybersecurity Brief is now available. It highlights cybersecurity topics and emerging threats to the financial services industry globally. This monthly update is brought to you by the Financial Services Information Sharing and Analysis Center (FS-ISAC) in coordination with the Securities Industry and Financial Markets Association (SIFMA), the Investment Industry Association of Canada (IIAC) and the International Council of Securities Associations (ICSA).

Click here to access the Brief: http://iiac.ca/wp-content/uploads/FS-ISAC-SIRG-Cybersecurity-Intl-Brief-January-2018.pdf
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In his latest opinion piece for Investment Executive, IIAC President and CEO Ian Russell calls on regulators to review and renovate the existing securities rulebook, with a focus on identifying rules that are obsolete and out-dated, inefficient and duplicative, and have unintended negative consequences on capital formation. Such a review has the potential to yield major efficiency gains in the areas of securities trading and financing, enable more cost-effective investor protection, lower transaction costs and stimulate investor participation in markets, and boost overall liquidity and capital formation in Canada.

Russell also outlines some specific rules regulator should tackle to address the alarming fall-off in small business financings and initial public offerings, and stem the loss of many small retail and institutional boutique dealers.

You can read more here: http://www.investmentexecutive.com/-/renovating-the-rulebook-must-be-a-top-priority-for-regulators

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IIAC President and CEO Ian Russell returns to @BIVnews @Roundhouse983 Radio to discuss regulatory coordination in financial markets: what it means, and what not having it means for Canadian financial firms. With Hayley Woodin and Kirk LaPointe via http://bit.ly/2j67h59. Join in at the 21:45 minute mark.

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For an update on recent cybersecurity developments impacting the financial services sector, read the December 2017 Global Cybersecurity Brief published by the Financial Services Information Sharing and Analysis Center (FS-ISAC) in coordination with the Investment Industry Association of Canada (IIAC), the U.S. Securities Industry and Financial Markets Association (SIFMA) and the International Council of Securities Associations (ICSA).

Topics covered in the December issue include:

- U.S. SEC New Guidelines on Reporting Data Breaches
- Sheltered Harbor
- DDos Attacks
- Cyber information sharing across countries
- Advancing cybersecurity automation in the financial sector

Click here to access the Brief: http://iiac.ca/wp-content/uploads/FS-ISAC-SIRG-Cybersecurity-Intl-Brief-December-2017.pdf
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