Canada

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Canadian Regulators Impose Penalties on Former Executives of Bankrupt Sino-Forest

Canada’s top securities regulator ordered the founder and four former executives of bankrupt Chinese timber company Sino-Forest to pay 76.3 million Canadian dollars (US $58 million) in penalties and forfeited compensation for their role in what regulator ...

Daily Headline - global.abi.org - 07/12/2018 - 01:21 - 0 comments

Bank of Canada’s Expected Hike Is Six Months in Making for Poloz

Stephen Poloz can’t hold off raising interest rates any longer. Economists are predicting the Bank of Canada governor will resume tightening policy this Wednesday in what would be the first increase in borrowing costs since January, Bloomberg News report ...

Daily Headline - global.abi.org - 07/09/2018 - 22:15 - 0 comments

Four Seasons Owner Says Unable to Pay Coupons on 525 Million Pounds of Company Debt

Coupons on 525 million pounds ($701.40 million) of debt underpinned by retirement home operator Four Seasons will not be paid, the issuers of the notes said on Wednesday. The owners of Four Seasons recently agreed a deal with investment firm H/2 Capital ...

Daily Headline - global.abi.org - 06/13/2018 - 23:42 - 0 comments

TSX Proposes Amendments to Rules Governing Special Purpose Acquisition Corporations

On May 31, 2018, the Toronto Stock Exchange (TSX) published for comment proposed amendments to the rules relating to special purpose acquisition corporations (SPACs). The proposed amendments would simplify the process of forming and listing a SPAC and co ...

Resource Article - twallace@abiwor... - 06/13/2018 - 10:33 - 0 comments - 0 attachments

Latest in Banking / Actualité de la banque

Welcome to the Latest in Banking. With the disruptive evolution that is underway, banks should consider how they can achieve more than just executing a real-time payment transaction. This means scaling efficiently with the changing ecosystem and gro ...

Resource Article - twallace@abiwor... - 06/01/2018 - 10:36 - 0 comments - 0 attachments

Canadian asset management industry opportunities & risks survey

The Asset Management industry, like all industries across financial services, is changing to adapt to customer preferences, digitization, and new and increasing regulatory requirements. We’re interested in knowing what your outlook for the industry is, a ...

Resource Article - twallace@abiwor... - 06/01/2018 - 09:55 - 0 comments - 0 attachments

Canada’s ‘Unprecedented’ Reliance on Housing Fuels Recession Call

The Bank of Canada has highlighted elevated household debt and imbalances within the nation’s real estate market as the two chief vulnerabilities to the financial system in the event of a recession, Bloomberg News reported. But what could trigger such a ...

Daily Headline - global.abi.org - 05/28/2018 - 23:05 - 0 comments

Bank of Canada Focuses on Smaller Lenders Amid Housing Slowdown

The Bank of Canada is paying more attention to smaller lenders as an area of potential risk in the financial system, a shift that comes amid concerns about a national housing slowdown, The Wall Street Journal reported. The central bank said it is loo ...

Daily Headline - global.abi.org - 05/22/2018 - 23:05 - 0 comments

Sears DB Members Facing Bleak Payout Prospects as Company Reduced to ‘Shell of Itself’

Sears Canada Inc. pension plan members are facing bleak prospects for getting their full pension payouts, according to a Toronto bankruptcy lawyer, Benefits Canada reported. “They won’t be made whole, regardless of how we look at this,” says Lou Brze ...

Daily Headline - global.abi.org - 05/14/2018 - 23:29 - 0 comments

Latest in Banking - April

Regulatory challenges for the financial services industry continue, and this means committing resources and investments to help manage risk. Regulator expectations when it comes to the strengthening of risk management governance, practices and reporting ...

Resource Article - twallace@abiwor... - 05/08/2018 - 13:51 - 0 comments - 0 attachments

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