ONTARIO SECURITIES COMMISSION STAFF NOTICE 91-704 COMPLIANCE REVIEW PLAN FOR OSC RULE 91-507 TRADE REPOSITORIES AND DERIVATIVES DATA REPORTING MSBs who trade in derivative instruments, including forward agreements, will want to be aware of the Ontario Securities Commission’s project to review compliance by derivatives dealers with the new OTC derivatives trade reporting requirements. Announced in…
Read more
Milken Institute Report on De-Risking
"De-Risking" and Its Consequences for Global Commerce and the Financial System On March 4, 2015, the Milken Institute Center for Financial Markets (CFM) hosted a day-long roundtable, Global Correspondent Banking: "De-Risking" and Its Consequences for Global Commerce and the Financial System, with AML/CFT policymakers, regulators, financial institutions, affected parties, and experts in order to explore…
Read more
REGULATORY IMPACT ANALYSIS STATEMENT
Vol. 149, No. 27 — July 4, 2015 Regulations Amending Certain Regulations Made under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, 2015 Statutory authority Proceeds of Crime (Money Laundering) and Terrorist Financing Act Sponsoring department Department of Finance REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Regulations.) Issues Canada’s…
Read more
Toronto Training Session Survey Results – April 29, 2015
On April 29th, 2015, we hosted our 2nd CMSBA Training Session at Snell Hall, Toronto, ON. We had approximately 100 attendees. Below are the survey results plus comments from the event: Section 1: Multiple Choice and Yes/No Questions Section 2: Most Pressing Concerns and Issues Members Face with Regard to Their Businesses Banking (14)…
Read more
Montreal Training Session Survey Results – April 21, 2015
Section 1: Multiple Choice and Yes/No Questions Section 2: Most Pressing Concerns and Issues Members Face with Regard to Their Businesses: Banking (3) Opening bank accounts for MSB Banking relationship – (stress/access) De-banking/De-risking (3) Compliance (2) Adapting compliance for changing business model/relationships Security Investor Risk Employees Industry Trends How to use Blockchains to help…
Read more
Vancouver Training Session Survey Results – April 14, 2015
On April 14th, 2015, CMSBA hosted our 2nd training session at UBC Robson Square - Vancouver, BC. It was a cozy event with just under 30 attendants. Below are the survey results from the session: Section 1: Multiple Choice and Yes/No Questions Section 2: Most Pressing Concerns and Issues Members Face with Regard to Their…
Read more