As 2014 comes to a close, we want to share with our clients and friends our observations on the most significant legal developments affecting Canadian business over the past year and their implications for 2015 and beyond. Four securities regulatory developments in 2014 warrant special attention: • The Canadian Securities Administrators (CSA) proposed a new “permitted bid” take-over regime, which will give boards of directors more time to respond to hostile take-over bids. • The CSA made revisions to their original proposed revamp of the early warning rules, including the decision, at the u

Securing competitive advantage The insurance industry is at an inflection point. Digital technology is transforming the way companies do business, impacting the entire value chain. However, our recent research found an industry still struggling to resolve decades-old infrastructure choices and create value from game-changing and disruptive technologies. We are pleased to share our new report, Transforming Insurance: Securing competitive advantage, for which our newest Canadian partner, Mary Trussell is the principal author.

The G20 will meet in Brisbane in November and hopes that this summit will be the last meeting where the financial services regulatory reform agenda will have a front row seat. The number one item on the agenda for the G20 is strategies to stimulate growth, focusing on investment in infrastructure, trade, competition, and employment, i.e.

We are pleased to share with you the latest issue of KPMG’s IFRS banking newsletter – The Bank Statement.

Recent Transaction Announcements September 2014 July 2, 2014 – National Leasing Group Inc. has announced its acquisition of Norand Capital Ltd., operating as UMA Finance, a privately held commercial leasing company.

In a major step to facilitate and grow trade and investment between Canada and the People's Republic of China, the two countries signed a Foreign Investment Promotion and Protection Agreement (FIPA) in September 2012. The FIPA has now been ratified by both countries, after a significant delay in Canada, and will come into force on October 1, 2014. The agreement is the product of negotiations that commenced in 1994.

July 2014 At KPMG, we are dedicated to providing our clients with insights on today’s critical business issues.

Recent Transaction Announcements July 2014 Payment services have long been a relatively stable sector of the financial services industry. Few really great leaps forward with a major impact on the consumer experience since payment cards became entrenched have been implemented. Now, the last two years have seen a growing number of initiatives, especially in mobile payments technology, from incumbent financial services and payments companies to new entrants like telco/high-tech/consumer product companies.

KPMG's Global IFRS Banking Newsletter - Issue 14 now available We are pleased to share with you the latest issue of KPMG’s IFRS banking newsletter – The Bank Statement.

Regulatory transformation. Operational improvement. Customer centricity. With many priorities on the go, and with many facets of the financial institution’s business constantly evolving, there is a lot to keep up with.