We are looking forward to connecting with global investment servicing and sub-custody clients and prospects to raise Canada’s profile and help institutional investors better understand the Canadian opportunity. On October 16-19, 2017, thousands of financial sector leaders from around the globe will descend on Toronto, Canada for the annual SWIFT International Banking Operations Seminar (Sibos) to discuss the most prominent topics facing the industry.
By Shane Kuros, Vice President, Head of Relationship Development, Canada, CIBC Mellon and BNY Mellon
The Government of Canada began to implement the Organisation for Economic Co-operation and Development (OECD) Common Reporting Standard (CRS) on July 1, 2017 with the first inter-jurisdictional exchange of information with other tax jurisdictions planned to take place in 2018. With the implementation of the CRS by Canada’s Department of Finance, there are several considerations and key deadlines that may be relevant to your financial institution.
By Simon Lee, Assistant Vice President, Tax
Canada is known for its prudential regulatory environment, robust and mature financial markets, a stable political environment, and the collaborative leadership of large plans, which are among the world’s most successful and sophisticated. Canada is home to a number of leading alternative managers and investors who are increasingly turning to alternatives, such as real estate, private equity, and infrastructure, as a means to improve performance and diversify their portfolios.
By Tim Rourke, Vice President, Segment Lead, Pensions and Asset Owners
It’s easy for markets to get transfixed by the latest shiny bauble in the data store window. In late 2016, the Bank of Canada put a lot of emphasis on what proved to be temporary weakness in total hours worked, and led investors to conclude that a steeply falling jobless rate wouldn’t mean rate hikes in 2017. Of late, the brilliance of first-half GDP growth not only brought on a well-justified tightening, but it’s blinded investors to factors that are likely to materially delay a further round of rate hikes.
By Avery Shenfeld, Managing Director and Chief Economist, CIBC Capital Markets
To print the newsletter, download the PDF version of the October 2017, Special Sibos Conference Edition of Trade Talk.