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作者 Halpern, Paul, author
書名 Back from the brink : lessons from the Canadian asset-backed commercial paper crisis / Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri
出版項 Toronto : University of Toronto Press, [2016]
國際標準書號 9781442641921 (cloth)
1442641924 (cloth)
book jacket
館藏地 索書號 處理狀態 OPAC 訊息 條碼
 人文社會聯圖  HG4028.A84 H34 2016    在架上    30660020181165
說明 xv, 251 pages : illustrations ; 24 cm
text txt rdacontent
unmediated n rdamedia
volume nc rdacarrier
附註 Includes bibliographical references (pages 219-225) and index
"As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper (ABCP) seemed on the verge of collapsing. Fueled by a top rating from DBRS, ABCP had found its way into the portfolios of some of Canada's most sophisticated investors as well as vulnerable retail investors who didn't know what they were holding. The failure of the $32 billion market could have tipped Canadian and foreign credit default swap markets into chaos if it weren't for the swift actions of a few powerful asset holders. Collectively, through the Montreal Accord and led by veteran Canadian lawyer Purdy Crawford, they managed to hold the Canadian ABCP market back from the brink of collapse by crafting a complex and innovative solution. Back from the Brink goes behind the scenes of the ABCP crisis to examine how a solution was reached and lessons learned that could prevent or mitigate future crises. The authors also examine the imaginative use of the Companies' Creditors Arrangement Act and describe the roles played by the banks, the major investors, rating agencies, and the financial regulators in the crisis's origins and conclusions. Back from the Brink holds important lessons for anyone interested in Canadian law, the future of complex investments, and Canada's capital markets."-- Provided by publisher
主題 Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654
2008-2009 fast
Asset-backed financing -- Canada
Banks and banking -- Canada
Negotiable instruments -- Canada
Capital market -- Canada
Investments -- Canada
Financial crises -- Canada
Global Financial Crisis, 2008-2009
Asset-backed financing. fast (OCoLC)fst00819055
Banks and banking. fast (OCoLC)fst00826867
Capital market. fast (OCoLC)fst00846356
Financial crises. fast (OCoLC)fst00924607
Investments. fast (OCoLC)fst00978234
Negotiable instruments. fast (OCoLC)fst01035534
Canada. fast (OCoLC)fst01204310
Alt Author Cakebread, Caroline, author
Nicholls, Christopher C., author
Puri, Poonam, author
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