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Janvier 2017

Institution

Published

Title and Brief Summary

Status

Finance

Published (Gazette) — January 25, 2017

January 25, 2017 — Canadian Payments Association By-law No. 1 — General

Amendments to CPA By-law No. 1 — General are being made to include eligibility criteria for membership in the Member Advisory Council (MAC). Amendments are also made to the Stakeholder Advisory Council eligibility criteria.

These amendments remedy a potential conflict of interest situation with the new governance structure established by the revised legislation (i.e. an individual who is an independent CPA Board director will not be eligible to serve on the Council as a representative of a stakeholder) and expand on relevant criteria to be used in assessing nominees. The current By-law No. 1 — General, SOR/2003-174 is repealed and replaced by By-law No. 1 — General, SOR/2017-1.

Effective January 3, 2017

Financial Stability Board (FSB)

Published January 12, 2017

Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities

This report sets out 14 policy recommendations to address the following structural vulnerabilities from asset management activities that could potentially present financial stability risks:

  1. liquidity mismatch between fund investments and redemption terms and conditions for open-ended fund units;
  2. leverage within investment funds;
  3. operational risk and challenges at asset managers in stressed conditions; and
  4. securities lending activities of asset managers and funds.

The FSB published proposed policy recommendations for public consultation in June 2016. The final recommendations in this document reflect a number of changes to the proposed recommendations to incorporate responses to the consultation.

Effective

 

Auteur

Jeffrey S. Graham 
JGraham@blg.com
416.367.6174

Compétences

Services financiers
Services bancaires et financiers
Réglementation des services financiers