Industry News

IFIC calls for more clarity on registration reform

The Registration Reform Project has received a mixed review from IFIC, as the fund industry group has called for improved clarity on a number of the RRP’s initiatives. Not surprisingly, the majority of IFIC’s concerns focus on possible new requirements for the mutual fund manufacturers, ranging from the definition of a “fund manager” to how […]

By Steven Lamb |February 9, 2007

3 min read

Briefly:

(February 8, 2007) Financial authorities should level the playing field and force independent mutual fund companies to adhere to the same strict standards as the more highly regulated banking sector, according to Desjardins Group. “A financial institution such as Desjardins applies a rigorous integrated risk management process and yet is the object of frequent inspections […]

By Staff |February 8, 2007

4 min read

RBC preps for global wealth push

The Royal Bank of Canada has rejigged its internal structure, boosting the profile of its wealth management operations by creating its own business line. The move was touted as a prelude to more aggressive expansion into the global wealth market. The reorganization consolidates the bank’s full-service brokerage lines, global private banking and trust operations with […]

By Steven Lamb |February 8, 2007

2 min read

Briefly:

(February 7, 2007) In response to media speculation, Rockwater Capital has confirmed that it has received proposals from third parties with respect to its possible sale. As a result, Rockwater has formed a special committee of its board of directors and has retained a financial advisor to assist in reviewing the proposals. Rockwater said it […]

By Staff |February 7, 2007

1 min read