James Langton
The latest effort at launching a national securities regulator may have died last month, but the federal government hasn’t given up on the dream: in Monday’s budget, the Liberals indicated plans to continue funding for the Canadian Securities Transition Office (CSTO).
Last month, the organization that was supposed to be steering the launch of a new cooperative capital markets regulator, the Capital Markets Authority Implementation Organization (CMAIO), was wound up and its staff laid off. The move seemed to acknowledge the reality that the political will required to get a new regulator off the ground doesn’t exist.
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