Study
| EST. READ TIME 1 MIN.Commissions Unbound: The Changed Status of Securities Regulators in Canada
The purpose of this study is to examine the consequences of the changed status of the commissions through a review of the behaviour of the ASC, BCSC, and OSC. Evidence suggests the reduced financial accountability inherent in the commissions' changed status appears to have worked to the detriment of low-cost, efficient regulation of the securities industry.
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John Chant
Professor Emeritus of Economics, Simon Fraser University
John F. Chant is Professor Emeritus of Economics at Simon Fraser University. He was educated at the University of BritishColumbia and Duke University and has taught at the University of Edinburgh, Duke University, University College Dar es Salaam, Queen's University, and Carleton University. He has written extensively on a variety of topics including monetary policy and theory, financial institutions and their regulation, and issues in higher education. Mr. Chant has been Research Director of the Financial Markets Group at the Economic Council, Research Director of the Task Force on the Future of the Canadian Financial System, and Adviser to the Governor of the Bank of Canada. He has also served as editor of Economic Inquiry and Canadian Public Policy, and as a member of the Monetary Policy Council of the CD Howe Institute. He was awarded the Western Economic Association's Award for Teaching Excellence. Mr. Chant has served as a ministerial appointee to the Board of the Canadian Payments Association and subsequently as a member of the Task Force on the Canadian Payments System. Currently, Mr. Chant serves as a Research Fellow of the C.D. Howe Institute and as a Senior Fellow and on the Editorial Board of The Fraser Institute.… Read more Read Less… -
Neil Mohindra
Neil Mohindra is the former Director of the Centre for Financial Policy Studies at the Fraser Institute where he authoreda number of papers, articles, and opinion pieces on securities regulation and insurance. Mr. Mohindra previously worked for the Financial Services Commission of Ontario as Policy Manager for the Joint Forum Secretariat, Joint Forum of Financial Market Regulators, in which he managed the cross-sectoral projects of Canadian provincial pension, securities, and insurance regulators. This included strategic planning, developing policy options and recommendations, managing external stakeholder engagement, and developing communications strategies. Mr. Mohindra worked for Insurance Bureau of Canada as a Senior Policy Analyst and led the development of industry positions on a number of issues key to the property and casualty insurance industry such as the 2006 review of federal financial institutions legislation. Prior to Insurance Bureau of Canada, he was a policy analyst on financial sector issues at the Department of Finance Canada where his responsibilities included briefing the departments member on the Financial Stability Forum. Earlier, he was a research associate with the Task Force of the Future of the Canadian Financial Services Sector (the MacKay Taskforce). He holds a BA (Honours) in Social Sciences (Economics) from the University of Ottawa and an MBA in Finance from McGill University.… Read more Read Less…
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