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Financial Stability Board: FSB completes peer review of Canada

( January 31, 2012, 09:40 GMT | Official Statement) -- MLex Summary: Canada should establish a single national securities regulator instead of a voluntary umbrella organisation of provincial securities regulators. Ontario and Québec have put in place a legislative framework for over-the-counter derivatives, Canada's regulation of pension funds focuses increasingly on risk management and new legislation harmonises oversight of market intermediaries. Canada's response to the financial crisis was swift and effective and no banks needed state aid, according to a Financial Stability Board report.Full press release and peer review are attached at bottom....

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