CIRO’s close-out proposals raise ire of Canada’s seclending market

The Canadian Investment Regulatory Organization (CIRO) recently closed a consultation on proposed amendments for mandatory close-out requirements that have big impacts for CIRO member firms as well as implications for industry-wide securities lending practices. We speak with Laura Paglia, CEO and president of the Investment Industry Association of Canada (IIAC), about the backlash against some of the key details.
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