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Bill Black, chair of the board of the Capital Markets Regulatory Authority, says he aims to have a national securities regulator up and running with less fuss than market participants currently expect. (Fred Lum/The Globe and Mail)
Bill Black, chair of the board of the Capital Markets Regulatory Authority, says he aims to have a national securities regulator up and running with less fuss than market participants currently expect. (Fred Lum/The Globe and Mail)

Long-struggling national securities regulator plows ahead, despite holdouts Add to ...

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Canadian politicians and business leaders have taken numerous high-profile runs at replacing 10 provincial securities commissions with a single national securities regulator. Each grand effort failed.

Retired insurance executive William Black plans to succeed where others have fallen short by launching what’s known as the Capital Markets Regulatory Authority (CMRA) and working with those who buy into the case for a national regulator, rather than waiting for approval from every province. And there’s every indication the inaugural CMRA chairman will get the job done, using a low-key approach and leadership lessons learned over three decades of knitting together corporate cultures.

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