Canadian ABCP Proposals Called Overreaction

10 Nov 2011

Proposed rule changes for the Canadian asset-backed commercial paper market have been called an overreaction to the meltdown of the sector in 2007.

Proposed rule changes for the Canadian asset-backed commercial paper market have been called an overreaction to the meltdown of the sector in 2007. Comments on the proposals said the proposals “focus unnecessarily” on “high-risk structures,” such as credit default swaps, which are no longer available in Canada, according ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial