We are excited to announce that our Annual General Meeting will be held on June 13, 2024, at the Hockey Hall of Fame. Our AGM gathers influential voices within our industry and other key stakeholders to celebrate our achievements and foster meaningful conversation about the capital markets. We are honoured to welcome Conrad Black, Canadian and British former newspaper publisher, businessman, and writer to provide a keynote address on The State of Canada’s Capital Markets: The Investment and Regulatory Climate. Joining us to discuss the Impact, Causes and Solutions to Canada’s Declining IPOs are our esteemed panelists: Loui Anastasopoulos, ICD.D, CEO, Toronto Stock Exchange & Global Head, Capital Formation, TMX Group Ltd.; Roman Dubczak, Deputy Chair, Capital Markets, CIBC; J. Ari Pandes, Associate Dean, Haskayne School of Business, University of Calgary; Jason Sleeth, Managing Director, Head of Private Placement Platform, Canaccord Genuity Group Inc.; and our moderator Thomas Kalafatis, Managing Partner, Hullwright Advisors; IIAC Advisor. To close off our event, we are delighted to be joined by hockey legend darryl sittler, one of the greatest players to ever wear the Toronto Maple Leafs uniform, to provide closing remarks on Leadership and Perseverance Through Change. For more information, please visit: https://lnkd.in/gwUJBkKq
IIAC - Investment Industry Association of Canada
Financial Services
Toronto, ON 4,021 followers
Asset. Ally. Advocate.
About us
Asset. Ally. Advocate. The Investment Industry Association of Canada (IIAC) is the national association representing investment firms that provide products and services to Canadian retail and institutional investors. Our members manufacture and distribute a variety of securities such as mutual funds and other managed equity and fixed income funds and provide a diverse array of portfolio management, advisory and non-advisory services. Our members trade in debt and equity on all marketplaces, provide carrying broker services and underwrite issuers in public and private markets. They operate in Canadian and global capital markets. Our Services: We provide: - Advocacy: We are a strong voice for current and future issues that matter and contribute to vibrant, compliant capital markets that create jobs and investor benefits. - Forums: For industry stakeholders to come together to discuss and address current and emerging issues impacting efficient, informed and compliant markets and its investors. - Education: Education and continuing education conferences and seminars for CE credit. - Resources: Industry data, tools, templates, surveys, and other practical resources. The IIAC is a member of the International Council of Securities Associations (ICSA).
- Website
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https://iiac-accvm.ca/
External link for IIAC - Investment Industry Association of Canada
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Toronto, ON
- Type
- Nonprofit
- Founded
- 2006
Locations
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Primary
TD West Tower
100 Wellington St West, Suite 1910
Toronto, ON M5K 1H6, CA
Employees at IIAC - Investment Industry Association of Canada
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Michael Konopaski, CPA, CFP, CIM, PhD, ICD.D
An independent, flat-fee dealer working with advisors and portfolio managers to create the future of wealth management advice
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Martin Guest, B.A., LL.B., CFA, ICD.D
Seasoned financial services executive
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Shahrokh Shahabi-Azad
Economist | Policy
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Philippe Girard
Founder & CEO chez Berkindale Analytics
Updates
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IIAC Newsletter - May 13, 2024 - Beyond Our Borders: International DO AI MODELS CREATE POTENTIAL RISKS TO FINANCIAL STABILITY? BANK OF ENGLAND In his remarks delivered at the University of Exeter Business School on May 7, 2024, Jonathan Hall, an external member of the Financial Policy Committee at the Bank of England, discussed the possible interaction between advances in Artificial Intelligence (AI) and financial stability... Read more: https://lnkd.in/diQbhihH --- EUROPEAN BANKING UNION – WHERE DOES IT STAND AFTER ITS CREATION 10 YEARS AGO? BANK FOR INTERNATIONAL SETTLEMENTS (BIS) Following the financial crisis in 2008 and the subsequent sovereign debt crisis in Europe, euro area countries saw the need for better regulation and supervision of the European Union financial sector. Consequently, they decided to pursue a deeper integration of their banking systems through the creation of the banking union in 2014. The design of the banking union envisioned common supervision, resolution, and deposit insurance in the euro area... Read more: https://lnkd.in/dBm6-3rh #newsletter #International #finance #news #education #highlights #European #banking #settlements
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IIAC Newsletter - May 13, 2024 - Beyond Our Borders: U.S. U.S. FINANCIAL SECTOR TO EXPLORE THE USE OF SHARED LEDGER TECHNOLOGY FOR MULTI-ASSET SETTLEMENT In the current financial landscape, commercial bank money, wholesale central bank money, U.S. Treasury securities and other securities exist in separate siloes. The tokenization of such financial assets may enable settlement on a common regulated platform under existing legal frameworks, and improve efficiency, transparency, and interoperability . To explore the feasibility of shared ledger technology to settle tokenized assets, banks and other regulated U.S. financial sector entities announced on May 8, 2024 that they are parties to a new Regulated Settlement Network (RSN) proof-of-concept (PoC)... Read more: https://lnkd.in/dgux9-Eu --- U.S. BANKING SYSTEM REMAINS SOUND AND RESILIENT: U.S. FEDERAL RESERVE In her May 8, 2024, remarks at the Brookings Institution, U.S. Federal Reserve System Governor Lisa Cook shared her current views on financial system vulnerabilities and risks, including Financial leverage and funding risk, Household and firm leverage, Asset valuations, Commercial real estate, and Private credit... Read more: https://lnkd.in/dZGkin52 --- CONSOLIDATION IN WEALTH MANAGEMENT INTENSIFIES: CERULLI ASSOCIATES A May 9, 2024 white paper by Cerulli Associates examines the drivers of consolidation in the wealth management industry. According to Cerulli Associates: - The top five wealth management firms control 57% of broker-dealer assets under management, and 32% of broker-dealer advisors. The top 25 and their various affiliates control 92% of assets under management and 79% of advisors... Read more: https://lnkd.in/ducYjHqR --- YOUNG ADULT CONSUMERS SPENDING COMPARATIVELY MORE THAN THEIR COUNTERPARTS 30+ YEARS AGO: BUSINESS INSIDER A study by Business Insider (results published May 8, 2024) looked at how spending has changed for young adults (25 to 34 years of age) over 33 years – by comparing 1989 and 2022 Consumer Expenditure Surveys program data from the Bureau of Labor Statistics and adjusting for inflation... Read more: https://lnkd.in/dq2UCKZu #newsletter #U.S. #finance #news #education #highlights #technology #management #business #banking
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IIAC Newsletter - May 13, 2024 - Domestic News STRONG INTEREST IN SUSTAINABLE FIXED INCOME FUNDS: MORNINGSTAR Canadian investors showed a renewed interest in sustainable investment options as 2024 got underway, according to Morningstar’s Canada Sustainable Funds Landscape - Q1 2024 Report (published May 9, 2024). Fixed income funds saw net inflows of $193.3 million in the first three months of 2024, marking the fifth consecutive quarter of inflows, and underscoring “the growing investor confidence in fixed income as a stable and promising category within the sustainable finance landscape”. In contrast, sustainable equity funds saw a net outflow of $186.9 million, marking the second consecutive quarter of outflows... Read more: https://lnkd.in/gnQ3fT-D --- STEEP INCREASE IN USE OF LEVERAGE IN BOND AND REPO MARKETS FLAGGED: BANK OF CANADA The Bank of Canada’s Financial Stability Report (published May 9, 2024) noted an increase in asset managers’ leverage over the past 12 months, led by an increase in hedge fund repo borrowing...“The large degree of leverage employed can leave hedge funds vulnerable to changes in the price difference between the underlying securities as well as to sudden changes in the availability and cost of repo financing”, the report said... Read more: https://lnkd.in/gNvM-Su8 #newsletter #domestics #finance #news #education #highlights #interest #bond #repo #markets #canada
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IIAC - Investment Industry Association of Canada hosted an insightful conference focused on Wealth Management Operations. The event featured a panel of talented experts, including Michele Hansson from National Bank Independent Network, who discussed the Operations Workforce of Today and In the Future. Richard Wallace and Steve Braugiroux represented National Bank of Canada providing valuable insights on Account Transfers and Total Cost Reporting, respectively. Special shoutout to Infinite Investment Systems Ltd. for their contributions on the panels and platinum sponsor of the event. Throughout the conference, two consistent themes emerged: the importance of positive client and employee experiences. It's time to come together and lead the change towards a better future. #operations #IIAC #wealthmanagement #NBIN #NBC
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Ronald Landry, MBA CPA CGA (CIBC Mellon) keynote address to the IIAC Operations Day conference focused on 'Predictions and Trends Shaping the Future of Ops' and, more specifically, on the themes geared to set the tone for 2024 and beyond. While there are challenges, there is also potential for transformative growth and strategic advantage.
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Steve Braugiroux (National Bank of Canada) presented on 'Total Cost Reporting: A Framework for Implementation' at today's IIAC Operations Day event. Industry views on implementation issues were canvassed through IIAC roundtables of IFMs and dealers from integrated and independent models as well as through IIAC surveys. These helped to inform the implementation framework presented today. Thank you, Steve!
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Thank you to Larry Bajek, Broadridge; Stephanie Fay, CIBC Mellon; and Carrie O'Brien (Carrie O.) BNY Mellon for speaking at IIAC Operations Day and walking us through the corporate actions landscape, including the trends and drivers, and the strategies and best practices operations professionals are using to respond to various events to drive efficiencies and reduce risk.
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The lack of automation in end-to-end account transfers within and between financial institutions can be frustrating for clients, advisors, and operations professionals. Can we get to straight-through processing? Thank you to Marie-Josée Audet, Desjardins Financial Security Investments Inc.; Liz Samson, Wealthsimple; Richard Wallace, National Bank of Canada; and Scott Wilkinson, Broadridge for sharing their insights and perspectives, and to Karen Woodman, Sun Life Financial Investment Services (Canada), for moderating this great panel at IIAC Operations Day.
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Firms are making data more actionable -- creating economic value across a wide range of interactions between consumers and financial institutions -- but they recognize the risks and challenges. Thank you to Laurent Bensemana with Ndex Systems Inc.; Jenny Lin with Broadridge, Christopher Mendes with BMO, and Ali Zahedi with Infinite Investment Systems Ltd. for sharing their wisdoms on Data Uses, Transfers, Storage and Analytic at IIAC Operations Day. A special thank you to Wendy Wang with Raymond James Ltd. for moderating.