Debt capital markets shine: IIAC

Debt capital markets have been a “consistent bright light in the gloomy journey” since the crisis, according to Ian Russell, president and CEO of the Investment Industry Association of Canada.

Read: IIAC supports B.C.-Ontario cooperative regulatory system

“[R]evenues accounted for a record 17% of total industry revenue in 2009, and averaged about 12% of industry revenue in the latest three years. The eight large integrated firms accounted for just over three-quarters of these revenues, totalling some $2.2 billion, with these revenues up two-and-a-half times in 2008-09, and representing 20% of total integrated firm revenue,” Russell says.

Read more here.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.