Industry News

Updated: Ontario ready to shake up financial industry

Not familiar with the proposed changes? Time to check them out.

By Katie Keir |March 31, 2017

7 min read

Robos won’t replace you, Jensen tells advisors

Maureen Jensen, head of the Ontario Securities Commission, has faith that robo-advisor platforms will not replace human financial advice. “I don’t think they’re going to replace advisors,” Jensen told an audience of financial advisors on Thursday. “Advisors are a very important parts of this market. They’re critical for the interaction with clients. I think what […]

By Simon Doyle |March 31, 2017

2 min read

‘Disclosure is not a panacea,’ says IIROC head

In an industry where the definition of “financial advice” is becoming blurry, regulatory disclosure does not solve all issues, says Andrew Kriegler, president of IIROC. Regulators need to adapt faster to an environment where clients want more control over their investments and may perceive online products and services as offering them financial advice, Kriegler told […]

By Simon Doyle |March 31, 2017

3 min read

OSC report aims to put investors on their best behaviour

The Ontario Securities Commission (OSC) has published a staff notice on behavioural insights (BI). The report outlines how global regulators use knowledge about human behaviour to address issues in capital markets and improve outcomes for investors and market participants. Read: Less efficient markets call for active management, says CFA In the report, ample research is […]

By Staff |March 30, 2017

1 min read