CIBC Mellon Wins Best Remote Work Strategy at Canadian HR Awards 2022
On September 15, 2022, CIBC Mellon took home the award for Best Remote Work Strategy at the prestigious Canadian HR Awards. Our company was also recognized as a finalist for the Payworks Award for Best Corporate Social Responsibility Strategy. The annual Canadian HR Awards are the leading independent awards celebrating excellence in the HR profession across the nation. The awards showcase outstanding HR teams, leaders and employers for their achievements, innovation and exceptional HR practices.
At CIBC Mellon, great people help set our company apart and are critical to the success of our flexible work and corporate social responsibility programs. Our approach to flexibility supported by enabling technologies empower employees to determine how, when, and where they work best, while ensuring client needs are met. As we move forward, collaboration, culture, and connection continue to inform our corporate social responsibility framework and are embedded in our commitment to doing business at the highest standards.
Collaboration, connectivity and inclusion are key values at CIBC Mellon. As we embrace a future ways of work model we recognize that the participation, engagement and shared ownership in collaboration with a diverse array of employees – across departments, geographies, and seniority levels – will meaningfully enhance our ability to succeed.
CIBC Mellon is committed to supporting the wellbeing of our employees and continues to focus on the areas that matter most to them as we embrace a new way of working and deliver on our flexible work strategy. Visit www.cibcmellon.com/careers to learn more about life at CIBC Mellon.
Canadian Financial Market Operations on Friday September 30, 2022 — National Day for Truth and Reconciliation
On September 30, 2022, Canada will celebrate its annual National Day for Truth and Reconciliation, a holiday observed by federally-regulated workers and institutions. Each provincial jurisdiction in Canada is responsible for designating September 30 a holiday for provincially-regulated institutions in Canada. The Canadian Depository for Securities (CDS) has advised participants that the National Day for Truth and Reconciliation on Friday, September 30, 2022 is a bank holiday in Canada.
CIBC Mellon will provide operational services during the observance of the new federal statutory holiday on Friday, September 30, 2022. Canadian exchanges will be open. However, CDS settlement activity will be limited as Canadian dollar settlements is closed on that date.
On Friday September 30, 2022:
- CDS will be open.
- CAD payment exchange and settlement will not be available.
- USD settlements, cross border trades and free of payment trades will be available.
- CAD entitlement and maturity payments payable on September 30, 2022 will be paid on October 3, 2022.
- Trade Matching lock-in process will not be available.
- All Canadian Banks will be closed.
- All agencies of the Bank of Canada will be closed.
For more information, view the CDS bulletin. If you have any questions, please contact your CIBC Mellon Relationship Manager.
The Investment Industry Regulatory Organization of Canada Releases its 2022 Annual Report
The Investment Industry Regulatory Organization of Canada (IIROC) recently released its Annual Report for 2021-2022. According to IIROC, the report highlights the regulator’s progress against its three year strategic plan, and how it has continued to support Canadians by protecting investors, fostering healthy Canadian capital markets and prioritizing industry transformation.
Among this year’s accomplishments, IIROC notes that the expansion of mandatory client identifiers to Canada's equity as well as debt markets now provides for a far more comprehensive and timely view of market activity, enhancing the regulator’s capability to perform both market monitoring and investigations.
For more information, read IIROC’s press release.
Canadian Association of Pension Supervisory Authorities Extends Comment Period for Consultation Documents
The Canadian Association of Pension Supervisory Authorities (CAPSA) recently extended the comment period for the following guideline documents: Cyber Risk for Pension Plans, Environmental, Social and Governance Considerations in Pension Plan Management, and Leverage and the Effective Management of Associated Risks.
CAPSA welcomes comments on its consultation documents before October 14, 2022.
The International Organization of Securities Commissions on Assurance of Sustainability Related Corporate Reporting
The Board of the International Organization of Securities Commissions (IOSCO) recently stated that it welcomes the work of the international audit and assurance standard setters – the International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) – on assurance of sustainability-related corporate reporting.
IOSCO further stated that the work of both Boards will serve to support the consistency, comparability and reliability of sustainability-related information provided to the market, enhancing trust in the quality of that information.
For more information, see IOSCO’s press release.
The Group of Central Bank Governors and Heads of Supervision Reaffirm Basel III Implementation and Provide Direction on Climate-related Financial Risks and Cryptoassets
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on Banking Supervision, recently reaffirmed its expectations on implementing Basel III and provided direction on key areas of work by the Committee, including climate-related financial risks and cryptoassets.
In its press release, GHOS members endorsed the Committee's holistic approach to developing and assessing potential measures for climate-related financial risks related to disclosure, supervision and/or regulation. Furthermore, GHOS members reiterated the importance of designing a robust and prudent regulatory framework for banks' exposures to cryptoassets that promotes responsible innovation while preserving financial stability. The GHOS tasked the Committee with finalizing such a framework around the end of this year.
For more information, read the press release.