Day: July 12, 2022
Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry participants who make their living working with New Brunswickers’ money. These industry participants handle more […]
The Financial and Consumer Services Commission of New Brunswick (FCNB) has initiated an enforcement action, filing a statement of allegations with the Financial and Consumer Services Tribunal (the Tribunal) seeking to revoke the licence of a New Brunswick real estate agency. The statement of allegations filed with the Tribunal alleges that Century 21 A&T Countryside […]
The Superintendent of Insurance in New Brunswick is a member of the Canadian Council of Insurance Regulators (CCIR). CCIR is an inter-jurisdictional association of insurance regulators. CCIR’s mandate is to facilitate and promote an efficient and effective insurance regulatory system in Canada and to develop solutions to common regulatory issues in Canada. In December 2020, […]
Switzerland’s fifth-largest financial institution is set to develop an independent cryptocurrency trading and custody service for its clientele. 757 Total views 47 Total shares Switzerland’s Post Office is set to onboard cryptocurrency trading through its banking arm PostFinance as user appetite for custody grows in the country. Some 2.6 million users that currently bank with […]
ServiceNow Inc.’s NOW, -10.87% stock tumbled 12% on Tuesday following an interview in which its chief executive, Bill McDermott, warned of some serious macro headwinds. “You’re at 41-year high inflation. The dollar right now is the highest it’s been in over two decades. We have interest rates rising. People worried about security. You’ve got a […]
Central Bank seeks to anticipate and support innovation in the financial services industry Firms in novel areas must ensure their businesses will not be used to launder the proceeds of crime or to finance terrorism Central Bank issues a bulletin to virtual asset service providers (VASPs) to assist them in strengthening their applications and frameworks […]
The IMF’s review recognises considerable progress in strengthening the framework for financial sector regulation, supervision and crisis management in Ireland. An increasingly large, complex and rapidly evolving financial system in Ireland raises new challenges for the future. Review makes targeted recommendations for further work, which will be considered by the Central Bank as it implements […]
Q4 2021 saw 2.5 million people in employment, the highest on record. Strong employment was supported by the domestic labour force, with migration playing a smaller role Two groups drove this labour force expansion; under 25s and women over 35. Evidence that there are longer running trends that have encouraged women to remain part of […]
Climate Forum will meet twice yearly and brings together climate change experts, industry representative bodies, regulated firms, and Central Bank representatives. Central Bank also publishes its first Sustainable Investment Charter. Charter provides a guide to apply sustainable investment principles to the Central Bank’s investment assets. The Central Bank of Ireland has hosted the inaugural meeting […]
The Central Bank of Ireland welcomes the statement from the Banking and Payments Federation Ireland (BPFI) following Tuesday’s CEO roundtable meeting, at which the retail banks set out the programme of work being undertaken by the sector to manage the migration of personal and business bank accounts. The work outlined focuses on the four areas […]
