Global Trends in Context
As the financial services marketplace becomes more global, international standards-setting bodies, such as the International Organisation of Securities Commissions (IOSCO), Financial Stability Board (FSB), International Accounting Standards Board (IASB) and the Organisation for Economic Co-operation & Development (OECD), are attempting to align rules and requirements across nations. While for the most part, countries may choose whether to conform, regulators around the world are under increasing pressure to adopt uniform rules.
Canada can pride itself on having one of the world’s most stringent regulatory regimes, one that is uniquely appropriate for our marketplace.
IFIC believes that domestic application of global standards must reflect and support local conditions. Through participation in international bodies such as the International Investment Funds Association (IIFA), IFIC monitors global trends and represents Canada’s interests.