Financial Regulatory Forum

ANALYSIS-Canada seen weak, uncommitted in UBS case

September 4, 2009

UBS/TAX   By Andrea Hopkins
   TORONTO, Sept 3 (Reuters) – Efforts by Canadian tax officials to pursue Swiss bank UBS <UBSN.VX> <UBS.N> won’t amount to much because politicians are distracted by a possible election and the country lacks enforcement clout.

Canada presses UBS for details of account holders

September 3, 2009

UBS/TAX   By David Ljunggren and Andrea Hopkins
   OTTAWA/TORONTO, Sept 2 (Reuters) – Canadian government officials pressed representatives of Swiss bank UBS <UBSN.VX> <UBS.N> on Wednesday for details of Canadians who might be account holders, a spokeswoman for the Canada Revenue Agency said.

Canada urged to expand financial regulatory powers

August 27, 2009

CANADA-POLITICS/   OTTAWA, Aug 26 (Reuters) – Canada’s banking regulator should license and approve all financial instruments available to investors in the country, even if they originate in the United States, a new report recommended on Wednesday.

Canada takes U.S. Steel to court over subsidiary cutbacks

July 17, 2009

OTTAWA, July 17 (Reuters) – The Canadian government took U.S. Steel Corp to court on Friday over production cutbacks at its Stelco subsidiary, Industry Minister Tony Clement announced. (more…)