Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis by Halpern, Paul
Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis by Halpern, Paul

Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis

As global markets toppled during the 2008 financial crisis, the Canadian market for non-bank asset-backed commercial paper...
$116.85 SGD
$116.85 SGD
SKU: 9781442641921
Product Type: Books
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Author: Paul Halpern
Format: Hardcover
Language: English
Subtotal: $116.85
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Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis by Halpern, Paul

Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis

$116.85
Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis by Halpern, Paul

Back from the Brink: Lessons from the Canadian Asset-Backed Commercial Paper Crisis

$116.85
Author: Paul Halpern
Format: Hardcover
Language: English
Description

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.



Author: Paul Halpern, Caroline Cakebread, Christopher C. Nicholls
Publisher: Rotman-Utp Publishing
Published: 05/18/2016
Pages: 264
Binding Type: Hardcover
Weight: 1.20lbs
Size: 9.00h x 5.80w x 0.90d
ISBN: 9781442641921


Review Citation(s):
Choice 01/01/2017

About the Author
Halpern, Paul: - Paul Halpern is a professor emeritus of finance at the Rotman School of Management at the University of Toronto.
Nicholls, Christopher C.: - Christopher C. Nicholls is the W. Geoff Beattie Chair in Corporate Law at the Faculty of Law at Western University.
Puri, Poonam: - Poonam Puri is a professor at Osgoode Hall Law School at York University.

Et al...


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