Industry News

Briefly:

Scotiabank has received a license from the Dubai Financial Services Authority to operate within the financial district of the Gulf emirate. The makes Scotia the first Canadian bank to operate in the Dubai International Financial Centre. “As the DIFC begins to play a more prominent role in the global economy, we are keen to expand […]

By Staff |December 22, 2009

2 min read

ABCP investors blast settlement, regulators

While the majority of retail asset backed commercial paper investors got 100% of their principal investment back, many believe the firms that sold ABCP have received little more than a slap on the wrist in their settlement with securities regulators. Members of the ABCP Retail Owners Committee argue the $138.8 million in penalties were far […]

By Mark Noble |December 22, 2009

3 min read

Coal: The upside of the

Please forgive the annual joke, but if Santa leaves a lump of coal in your stocking, you could do a lot worse. High quality hard coking coal will be one of the best performing commodities in 2010, according to Scotiabank. Looking ahead to 2010, the annual contract price for hard coking coal sold to Asia’s […]

By Steven Lamb |December 21, 2009

2 min read

Briefly:

The Investment Industry Regulatory Organization of Canada has announced the implementation of its new complaint handling standards for member firms, which come into effect February 1, 2010. Under the new standards, IIROC-regulated firms must meet tighter timelines for acknowledgement, investigation and response to client complaints. Under the new standards the firm has five business days […]

By Staff |December 21, 2009

2 min read