What do the industry’s chief compliance officers think about the regulators that oversee them? Transparency, fairness and a national SRO are among the hot issues.
April 8, 2012
What do the industry’s chief compliance officers think about the regulators that oversee them? Transparency, fairness and a national SRO are among the hot issues.
April 8, 2012Pablo Fuchs, senior editor at Investment Executive, and Olivia Li, staff reporter, discuss key themes from the 2012 Regulators’ Report Card. Despite a year of turmoil, compliance offers gave regulators higher scores in 13 of 17 categories. Fuchs and Li spoke at Investment Executive headquarters in Toronto.
Although much work remains to be done
Regulators are doing a fairly good job of including dealers in their review processes, but more can be done, some compliance officers say
Compliance officers laud all the regulatory bodies for their efforts in being transparent about their policies
A merger between IIROC and the MFDA would result in less of a regulatory burden and lower compliance costs, CCOs say
Compliance officers say the regulators are becoming more aware of the regulatory burden, but are doing little to mitigate it
Dissatisfaction in the "fairness" categories centres on the perception that regulators are too rigid in their approach
The chief compliance officers surveyed saw little change at the regulators, despite the difficult year these bodies have faced (Includes chart)
This Report Card summarizes data from each of the Brokerage, Dealers' and Bank reports, looking at the trends across the financial advice industry
This year's research reveals how well the Big Six are meeting branch advisors' need for coaching, fair pay and effective tools
Advisor satisfaction across most of the 11 full-service and mutual fund dealers in the Report Card has held steady or improved compared with 2023
The Report Card, which has been published for more than 30 years, explores the concerns and needs of investment advisors in Canada as their firms…