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Payoff from central bank crypto uncertain: Moody’s

Official digital currencies may have a hard time proving their value, the rating agency says

Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

B.C. team wants to return millions to rightful owners

Organization reunites people with unclaimed money in old bank accounts

Empty jail cell

Ex-fund manager lands in jail

Investors were misled about fund's trading and holdings, U.S. district court judge says

Investment documents signed

OTC derivatives rose along with rates: BIS

Rising rates, benchmark reform, commodity prices all affected activity

Judge's gavel

Bridging execs rebuffed by court and tribunal

Bid for judicial review quashed, motion to summon top OSC brass rejected

Europe flag and stacks

European regulators recommend action on investment fund costs

European Securities and Markets Authority seeks to curb investors' fund costs

Silicon Valley Bank headquarters and branch stock photo

Bank execs blame panicked depositors for SVB, Signature failures

Former CEO Greg Becker told a senate hearing that SVB was the victim of a social media-driven bank run

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Industry moves this week

Raymond James names a new head of investment strategy, while iA shakes up its executive team

risky move

Risk of shock to financial system down, but concerns linger: Bank of Canada survey

Risk management experts cited high inflation, quantitative tightening and cyber attacks as potentially contributing to shocks

Gavel

Rep used fake account, loans to steal from client

Former fund rep fined, banned by regulators for misappropriation

Sign on the building of Financial Industry Regulatory Authority, or Finra, in Manhattan NYC lower financial district downtown, businessman man walking stock photo

FINRA to firm: Get out!

SRO expels brokerage over widespread regulatory violations

Stack of cryptocurrencies in a circle on the motherboard

Binance to stop serving Canadian market, blames new stablecoin guidance

Crypto exchange confident it will “someday return” to Canada

businessman gap worry fear obstacle

Advice-gap debate comes to insurance industry

Ahead of the proposed DSC ban for seg funds, a familiar refrain is in play

Extreme Closeup of New Polymer Twenty Dollar Bills

New BoC deputy governor, U.S. Fed nominees announced

Rhys Mendes will become Bank of Canada deputy governor in July while Biden has made two Federal Reserve nominations

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Sun Life Financial sees first-quarter earnings rise to $806 million

Participating life helps drive Canadian insurance sales, but wealth sales drop 23%

Gavel

Decision that put certain investors at head of line in Bridging receivership faces appeal

Lawyers argue that all investors should be treated equally

Inflation graphic

Inflation likely slowed again in April, but economists say wage growth a top concern

Canada’s April inflation figure anticipated to be well below the 5.2% wage growth

Montreal Skyline in winter and Commemorative Jacques Cartier plaque located on the balustrade of the Kondiaronk lookout on Mount Royal

MX fines firm for weak controls

Laurentian Bank Securities sanctioned for supervisory shortcomings

Growing Graph

Insolvencies in March up 28.3% year over year, report says

The increase came as Canadians faced higher interest rates

Idea

FCAC seeks single body for bank complaints

Applications due June 26 for the job of enhancing complaint handling

Solution

Breaking the doom loop for U.S. banks

To calm fears, DBRS calls for the return of a crisis-era guarantee

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Manulife reports net income of $1.4B in first results under new standards

Within wealth management, retail net inflows dropped 80%

Business people sitting and discussing at business meeting, in office

CI Financial sells 20% stake in U.S. business

Proceeds of $1.34-billion deal will pay down debt

Texting hands

CFTC, SEC sanction Scotia for texting violations

Senior employees used WhatsApp for business communications, regulators find

Inspecting documents

IOSCO tackles SPAC boom concerns

No one-size-fits-all solution to protect investors from shell-company risks