Canada Financial Regulation Essay

Words: 1198
Pages: 5

Canadian Regulatory Landscape
Individual Term Paper


In McKay report to Expert Panel on Securities Regulation, it has been 10 years since the discussion about improvement on Canadian Regulatory Framework that indicate changes have to be done. Major and minor obstacles have been debated since which calls for action of changes. In this research I will try to explain how and why changes are needed for securities regulation in Canada in order to bring our capital market compete-able with the rest of the world while in the same time provides high securities for all the stakeholders and backed by the federal government.

Major obstacles of changes in the last 10 years

In my opinion, there are four obstacles which makes
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Broader risk management principle to determine priorities and allocation of resources which will make a cost-effective regulation

4. Reduce investor confusion by enhancing visibility and clarifying the scope and purpose of self-regulation

5. Adoption of uniform principles

6. Broader capacity to attract and retain best talent

Canada Banker Association (CBA) to Expert Panel

CBA is an association that represents 51 domestic banks, foreign bank subsidiaries and foreign bank branches operating in Canada. They are existed to promote an understanding of the banking industry, contribute to a sound, successful banking system that benefits Canadians and Canada’s economy. In addition, they also help Canadians to have informed financial decision and work with banks and law enforcements to help and protect customers against financial crime and promote fraud awareness. In 2008, CBA also participate in submission to the expert panel about making a reformation of the securities regulation by fully supporting the creation of a single, national regulator which according to them will allowed issuers, investors and registrant to participate in the marketplace under a single set of rules, administered, interpreted and enforce by single body and single fees. Several reasons why CBA considering a reformation of securities regulations are:

1. Inadequate enforcement and inconsistent investor