BMO Financial Group

BMO Financial Group

September 19, 2013 17:52 ET

BMO Welcomes Agreement to Establish Cooperative Capital Markets Regulator

TORONTO, ONTARIO--(Marketwired - Sept. 19, 2013) - BMO Financial Group today welcomed the announcement that British Columbia, Ontario and Canada have agreed to establish a cooperative capital markets regulatory system and invited all provinces and territories to participate in the proposed system.

"Today's announcement is a positive step as it brings us closer to the objective of consistent, high-quality market supervision within a regulatory structure that provides a better market for all participants, while drawing upon the policy expertise and local market knowledge that exists in the provinces," said Bill Downe, President and Chief Executive Officer, BMO Financial Group.

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