Industry

Briefly: ‘Sun Life opposes global regs’ and more news

Opposition to the proposed global financial regulations is growing. At a meeting of shareholders in Toronto, Donald Stewart, president and CEO of Sun Life Financial Inc., has come out against the move. Stewart believes that if Canada backs the changes, its strength in overcoming the financial crisis will be diminished. He said the current rules […]

By Staff |May 19, 2010

3 min read

Securitization isn’t dead

Securitization of debt isn’t dead; it’s simply hibernating, this according to a panel of experts at the CFA Institute’s 63rd annual conference. Despite being identified as one of the bogeymen that wiped out trillions in global assets, the practice of repackaging and selling off debt will return. The global investment community wants U.S. denominated, AAA-rated […]

By Steven Lamb |May 18, 2010

4 min read

Ethics have gone down a rat hole: Grantham

When a volcanic ash cloud prevents a distinguished speaker from flying in from Europe to address your conference, it’s always good to have a backup. Better still if that backup is Jeremy Grantham, chief investment strategist and founder of GMO LLC, and author of an enormously popular quarterly newsletter. “I think the financial industry has […]

By Steven Lamb |May 18, 2010

4 min read

Insurance CEO: Cdns need to ‘learn, budget, save’

He asked government to do more to educate and motivate Canadians to think about retirement planning. “May be governments should even consider a scare campaign to get Canadians’ attention. It’s that serious,” he said. Iannicelli offered strong views on pension programmes. “(Private sector) could do (pension planning) that is more efficient (than government-run plans), because […]

By Vikram Barhat |May 18, 2010

3 min read