NBCN now serves more than 400 independent market intermediaries across the country
MOU aims to help manage systemic risk
Agencies would be subject to new requirements regarding their financial risk management, operations, governance, and disclosure
Regulator spells out its expectations for the due diligence that firms must carry out before outsourcing any activity
Requirements follow global efforts to improve transparency in OTC derivatives markets
CPSS-IOSCO principles are intended to enhance the safety and efficiency in clearing, settlement and recording arrangements
Five Canadian institutions currently clear interest rate swaps through the firm’s swap clearing service
David Burnes joins firm as senior vice president
IOSCO begins monitoring standards for payment, clearing and settlement systems
Proposed changes to securities processing designed to help eliminate securities certificates