Follow

Risk Management and Crisis Response Blog

Articles: 1-10 of 265

Advisory Committee on Open Banking releases Final Report

Canada - August 18 2021 On August 4, 2021, the Advisory Committee on Open Banking (the Committee) released its Final Report, which includes 34 recommendations for the…

Federal pay equity comes into force August 31

Canada - August 3 2021 The Canadian Government has announced that the Pay Equity Act (the Act) will come into force on August 31, 2021. The purpose of the Act is to redress…

CSA releases Annual Enforcement Report for fiscal year 2020/2021

Canada - July 28 2021 On June 22, 2021, the Canadian Securities Administrators (the CSA) released their annual Enforcement Report [PDF] for the 2020/2021 fiscal year…

World Bank debars three companies in effort to promote higher integrity standards

Canada - July 20 2021 On June 30, 2021, The World Bank Group (the World Bank) announced the debarment of three companies for alleged sanctionable misconduct: Crosswords…

Global financial crime compliance costs are trending upwards. Is Canada catching up?

Canada - July 16 2021 Financial crime compliance costs have skyrocketed this past year, with the United States increasing total spending by $8.8 billion in 2020 alone, as…

Ontario Superior Court dismisses $4.5B negligence claim against TD Bank related to fraudulent Ponzi scheme

Canada - June 24 2021 “Hindsight is 20/20” says the Ontario Superior Court of Justice in dismissing lawsuits against TD Bank relating to the Stanford Ponzi scheme, a USD…

Perspectives on class action proceedings reform in Québec

Canada - June 22 2021 In light of recent steps taken to modernize the Québec justice system and increase its efficiency, the Université de Montréal's Class Action…

SEC to revisit proxy advisory firm rules

Canada, USA - June 16 2021 On June 1, Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (the SEC) issued a statement directing SEC staff to re-examine the…

New Canadian foreign investment promotion and protection model expands responsible business conduct provisions

Canada, OECD - June 14 2021 In recent years it has become increasingly important for companies to be cognizant of human rights issues, particularly when operating abroad…

U.S. moves closer to specific insider trading legislation

Canada, USA - June 11 2021 Notwithstanding the widely held perspective that American efforts to tackle financial wrongdoing significantly overshadow efforts in Canada, many…