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 ...

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