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OFSI Publishes Draft Guidelines on Technology and Cyber Risk Management

OFSI | Nov 11, 2021 Purpose and Scope This Guideline establishes OSFI’s expectations related to technology and cyber risk management and applies to all federally regulated financial institutions (FRFIs). These expectations aim to support FRFIs in developing greater resilience to technology and cyber risks. See:  Decentralized Finance—Risks, Regulation, and the Road Ahead FRFIs should implement


The post OFSI Publishes Draft Guidelines on Technology and Cyber Risk Management first appeared on National Crowdfunding & Fintech Association of Canada.

4 years ago

Financial advisors struggle with putting their clients into cryptocurrencies

To invest or not to invest in cryptocurrencies? Financial advisors are divided on if it's too soon or risky to put their clients' money in the digital assets.

4 years ago

Credit card start-up Upgrade jumps 83% in valuation in just four months to $6.28 billion

Upgrade is the latest company to benefit from the "buy now, pay later" trend in fintech.

4 years ago

Op-ed: Lessons from past financial crises can become preparation for the future

In past financial crises, many investors changed their behaviors, sometimes for the better, other times not. Financial professionals can help investors plan.

4 years ago

Experts offer crucial money advice college graduates need to hear but never get

It's never too early to start working with a financial advisor, say experts who specialize in teaching college graduates how to handle life's financial hurdles.

4 years ago

Alberta Securities Commission adopts small biz finder’s exemption

Investment Executive | Nov 10, 2021 The Alberta Securities Commission (ASC) has adopted a new registration exemption for finders to help startups and other small businesses in the province raise capital, the regulator said in a release on Wednesday. The small business finder’s exemption — proposed in March of this year by the ASC, and


The post Alberta Securities Commission adopts small biz finder’s exemption first appeared on National Crowdfunding & Fintech Association of Canada.

4 years ago

Top college athletes strategize how to turn their 'brand' into financial gains with new sponsorship deals

College athletes and recruits are now allowed to engage in "NIL activities" consistent with state law where their school is located.

4 years ago

Same-sex couples may get a tax break from Democrats’ $1.75 trillion social plan

The Build Back Better Act would let same-sex married couples file a joint tax return for years before 2010, which might yield a net tax benefit.

4 years ago

Cramer says Walmart is an 'inflation fighter,' Wall Street shouldn't be selling the stock

"Walmart is keeping prices down aggressively and therefore their gross margins are down. But they are taking share from everybody," Cramer said Tuesday.

4 years ago

Landmark Jury Verdict Finds Digital-Asset Products Linked to Cryptocurrency Mining Are Not Securities

Winston & Strawn LLP | Michael Tomasulo | Nov 8, 2021 On November 2, a Connecticut jury found that a series of digital-asset products linked to a cryptocurrency mining operation did not count as securities. The landmark jury verdict is among the first to decide whether cryptocurrency assets and products may count as securities. The


The post Landmark Jury Verdict Finds Digital-Asset Products Linked to Cryptocurrency Mining Are Not Securities first appeared on National Crowdfunding & Fintech Association of Canada.

4 years ago

Russia calls U.S. 'hypocritical' for condemning anti-satellite weapons test

The Russian military destroyed a defunct satellite on Monday, causing astronauts to shelter on the International Space Station as the debris cloud passed by.

4 years ago

Nearly half of all Americans expect to retire in debt, survey finds

Carrying some debt in retirement isn't necessarily bad if it doesn't put a financial strain on your retirement income. Credit cards pose a bigger challenge.

4 years ago

Alberta Securities Commission adopts small business finder’s exemption | Proposes Corporate Opportunity Waivers

Investment Executive | Nov 10, 2021 The Alberta Securities Commission (ASC) has adopted a new registration exemption for finders to help startups and other small businesses in the province raise capital, the regulator said in a release on Wednesday. The small business finder’s exemption — proposed in March of this year by the ASC, and


The post Alberta Securities Commission adopts small business finder’s exemption | Proposes Corporate Opportunity Waivers first appeared on National Crowdfunding & Fintech Association of Canada.

4 years ago

As inflation rises, here’s where to find opportunities to make and save money

Inflation can impact both your wallet and your investments.

4 years ago

Biden’s report on Stablecoins Misses the Mark

Cato Institute | Norbert Michel | Nov 5, 2021 Rather than provide concrete proposals and guidelines for federal agencies to implement immediately, the report urges Congress to pass a new law. The President’s Working Group on Financial Markets released a new report on stablecoins this week. On the surface, the Biden administration punted. Dig deeper, and the details


The post Biden’s report on Stablecoins Misses the Mark first appeared on National Crowdfunding & Fintech Association of Canada.

4 years ago