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Article: An end to the Wild West? Canadian securities regulation.(Canada's fractured securities regulation)
- Article from:
- The Economist (US)
- Article date:
- June 18, 2005
CopyrightCOPYRIGHT 2005 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The federal finance minister sees a chance to create a national watchdog
AT FIRST glance, there may seem little connection between the turmoil at the Alberta Securities Commission, one of 13 provincial and territorial agencies that regulate securities in Canada, and this week's renewed push by Ralph Goodale, the country's finance minister, to replace Canada's antiquated regulatory system with a single national body. Look again.
Stephen Sibold, who left the Alberta body last month when his five-year contract as chairman was not renewed, was the fiercest provincial opponent of Mr Goodale's plans. His position was undermined in January when unnamed ...