Risk Management and Crisis Response Blog Risk Management and Crisis Response Blog

Reducing Regulatory Burden for Investment Fund Issuers – Phase 2, Stage 1

On September 12, 2019, the Canadian Securities Administrators (CSA) published for comment CSA Notice and Request for Comment Reducing Regulatory...

Ontario establishes a Serious Fraud Office

At the end of August the Government of Ontario launched a new organization tasked with investigating and prosecuting complex white-collar crime. The...

Deviating from Whistleblower Programs may have more risk than payoff

The whistleblower at the heart of the multi-billion dollar Madoff fraud has set his sights on a new target; General Electric Co. Harry Markopolos is...

SFO issues new guidance on corporate cooperation

On August 6, 2019, the U.K.’s Serious Fraud Office (the SFO) – the U.K’s primary enforcement authority for economic crimes –...

OSC Burden Reduction Initiative – Focusing on ‘Principles’ for more responsive and effective regulation

The Ontario Securities Commission’s Burden Reduction Initiative emphasizes the centrality of a risk and principle-based focus to effective...

Failure to [Coin]Launch – Caution for crypto-asset consultants, advisers and service providers

On July 24, 2019,  the Ontario Securities Commission approved a settlement agreement with CoinLaunch Corp., a service provider in the...

OSC Burden Reduction Initiative – Revisiting the 2003 Regulatory Burden Task Force

As the OSC continues to embark on its Burden Reduction Initiative, we think it is a worthwhile exercise to look back at the Commission’s 2003...

FSRA targets efficient and streamlined regulation for Ontario credit unions, insurers, pension plans, and mortgage brokers

As previously reported, the Ontario government is moving ahead to support financial regulatory reform including by establishing the Financial...

Walmart pays $282 million for FCPA resolution

On June 20, 2019, Walmart entered into a US$282.7 million global settlement with the U.S. Securities and Exchange Commission and Department of...

CSA releases annual enforcement report – focus on collaboration and enforcement in digital world

The Canadian Securities Administrators (CSA) released its annual enforcement report yesterday – aptly titled “Evolving Securities...