Today, the Ministers responsible for capital markets regulation in British Columbia, Ontario, Saskatchewan, New Brunswick, Prince Edward Island, Yukon and the federal Minister of Finance – together representing the Council of Ministers – announced that William “Bill” A. Black has been appointed Chair of the Board of Directors of the Capital Markets Regulatory Authority.
Bill Black is an excellent choice. He is recognized as a proven leader in the business community with a career that spanned 34 years at Maritime Life, including nine years as President and Chief Executive Officer. He has the requisite knowledge and experience in financial markets, has worked closely with the regulatory community and has a strong understanding of public policy.
The new Chair will provide leadership to an expert board of directors and will ensure the Cooperative Capital Markets Regulatory System (CCMRS) is operational by the fall of 2016, delivering cost-effective regulation to: strengthen the competitiveness and integrity of Canada’s capital markets; improve opportunities for savers and investors; make it easier for smaller and emerging companies to access capital; position Canada as an attractive destination for foreign investment; and give Canada an influential voice on the international stage.