Strength, prudence and confidence: O Canada, indeed
16 October 2013
David Linds, senior vice president of business development and relationship management at CIBC Mellon, sells the idea of Canada as a country where mature capital markets and good governance can meld to create an ideal investor’s market
Image: Shutterstock
There are many great reasons for global investors to consider Canada. In addition to the many desirable investment opportunities themselves, our nation boasts robust market infrastructure, mature capital markets and a well-deserved reputation for prudence and good governance. Our regulators work closely with industry stakeholders to reinforce best practices, and our governments have likewise acted to bolster the strength and stability for which our nation continues to be known.
Canada has a comparatively complicated regulatory regime, with individual provincial securities regulatory regimes across the country, a federal banking regulator, and a number of industry bodies. Our nation took a big step forward recently, however, as the provincial finance ministers in the provinces of Ontario and British Columbia announced a few weeks ago that they had reached an agreement with one another and with the federal government of Canada to move towards a single securities regulator. These jurisdictions are also inviting other Canadian provinces to participate. While the various provincial regulators coordinate through a shared body, Ontario, BC and Canada’s move toward a shared regime could bring even greater alignment.
In recent years there has been tremendous focus on risk and governance among market participants. The classic investment question around risk and return has taken on new dimensions as emerging global and domestic regulations as well as intense pressure from both internal and external stakeholders have forced clients to dedicate much greater energy to managing and reporting risk across a wide range of categories. From settlement to tax to operational risk, the administration of investment activities remains critical for institutional investors. A knowledgeable local market sub-custodian can help provide investors with confidence that risk, governance and reporting activities will be well and accurately managed—all while delivering strong execution, local market expertise and robust client service.
Canada is known for embracing diversity as a source of strength, and CIBC Mellon is no exception: as a 50-50 joint venture between two very strong financial institutions, our company is positioned to leverage the diverse strengths of both. CIBC is a large Canadian retail bank, which positions us to leverage their local market insights and local market offerings, while BNY Mellon delivers leading asset servicing solutions built on a tremendous investment in technology and global market relationships. Our parents give us access to two very strong risk and governance cultures, which help provide extensive and robust oversight.
Our sole focus on Canada is both our strategy and our strength. Every one of our nearly 1,100 employees is exclusively focused on servicing investors here in Canada. This large local presence positions us to participate very actively on industry committees, and make the connections between client needs and emerging changes in the marketplace. We work to keep clients well informed, and to building a strong understanding of clients’ needs as we connect with industry peers and market stakeholders. We are uniquely positioned to bring Canadian investors to the world, while providing global investors with a dedicated local specialist to support their activities here in Canada. Everyone on our team is solely focused on managing client service, provision of services to investors into Canada.
Canada remains an outstanding place to do business, and we are proud to welcome investors from around the world to participate in our markets.
Canada has a comparatively complicated regulatory regime, with individual provincial securities regulatory regimes across the country, a federal banking regulator, and a number of industry bodies. Our nation took a big step forward recently, however, as the provincial finance ministers in the provinces of Ontario and British Columbia announced a few weeks ago that they had reached an agreement with one another and with the federal government of Canada to move towards a single securities regulator. These jurisdictions are also inviting other Canadian provinces to participate. While the various provincial regulators coordinate through a shared body, Ontario, BC and Canada’s move toward a shared regime could bring even greater alignment.
In recent years there has been tremendous focus on risk and governance among market participants. The classic investment question around risk and return has taken on new dimensions as emerging global and domestic regulations as well as intense pressure from both internal and external stakeholders have forced clients to dedicate much greater energy to managing and reporting risk across a wide range of categories. From settlement to tax to operational risk, the administration of investment activities remains critical for institutional investors. A knowledgeable local market sub-custodian can help provide investors with confidence that risk, governance and reporting activities will be well and accurately managed—all while delivering strong execution, local market expertise and robust client service.
Canada is known for embracing diversity as a source of strength, and CIBC Mellon is no exception: as a 50-50 joint venture between two very strong financial institutions, our company is positioned to leverage the diverse strengths of both. CIBC is a large Canadian retail bank, which positions us to leverage their local market insights and local market offerings, while BNY Mellon delivers leading asset servicing solutions built on a tremendous investment in technology and global market relationships. Our parents give us access to two very strong risk and governance cultures, which help provide extensive and robust oversight.
Our sole focus on Canada is both our strategy and our strength. Every one of our nearly 1,100 employees is exclusively focused on servicing investors here in Canada. This large local presence positions us to participate very actively on industry committees, and make the connections between client needs and emerging changes in the marketplace. We work to keep clients well informed, and to building a strong understanding of clients’ needs as we connect with industry peers and market stakeholders. We are uniquely positioned to bring Canadian investors to the world, while providing global investors with a dedicated local specialist to support their activities here in Canada. Everyone on our team is solely focused on managing client service, provision of services to investors into Canada.
Canada remains an outstanding place to do business, and we are proud to welcome investors from around the world to participate in our markets.
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