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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 (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 w...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Halpern, Paul (Autor), Cakebread, Caroline (Autor), Nicholls, Christopher C. (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Toronto : University of Toronto Press, [2018]
Temas:
Acceso en línea:Texto completo
Texto completo

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100 1 |a Halpern, Paul,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
245 1 0 |a Back from the Brink :  |b Lessons from the Canadian Asset-Backed Commercial Paper Crisis /  |c Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri. 
264 1 |a Toronto :   |b University of Toronto Press,   |c [2018] 
264 4 |c ©2016 
300 |a 1 online resource (264 p.) :  |b 10 figures 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
347 |a text file  |b PDF  |2 rda 
505 0 0 |t Frontmatter --   |t Contents --   |t Preface --   |t Acknowledgments --   |t Introduction --   |t Part One. The Abcs Of A Crisis --   |t Chapter One. The Day Montreal Stood Still --   |t Chapter Two. Not A Regional Problem --   |t Chapter Three. Enter Purdy Crawford --   |t Part Two. The Art Of The Possible: Hammering Out A Deal --   |t Chapter Four. A Proposal Is Born --   |t Chapter Five. Putting It Back Together Again --   |t Chapter Six. Selling The Deal --   |t Chapter Seven. The Plan Gets Approved --   |t Chapter Eight. It Almost Falls Apart --   |t Part Three. Abcp Afterlife: How Has The Market Performed? --   |t Chapter Nine. Evolution Of A Liquid Market --   |t Chapter Ten. Regulatory Fallout --   |t Part Four. Conclusions --   |t Chapter Eleven. Winners And Losers In The Abcp Debacle --   |t Chapter Twelve. Lessons Learned --   |t Notes --   |t Index 
506 0 |a restricted access  |u http://purl.org/coar/access_right/c_16ec  |f online access with authorization  |2 star 
520 |a 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. 
538 |a Mode of access: Internet via World Wide Web. 
546 |a In English. 
588 0 |a Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Mrz 2022) 
650 0 |a Asset-backed financing  |z Canada. 
650 0 |a Banks and banking  |z Canada. 
650 0 |a Capital market  |z Canada. 
650 0 |a Negotiable instruments  |z Canada. 
650 4 |a DISCOUNT-C. 
650 7 |a BUSINESS & ECONOMICS / Economics / Theory.  |2 bisacsh 
700 1 |a Cakebread, Caroline,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
700 1 |a Nicholls, Christopher C.,   |e author.  |4 aut  |4 http://id.loc.gov/vocabulary/relators/aut 
773 0 8 |i Title is part of eBook package:  |d De Gruyter  |t University of Toronto Press Complete eBook-Package 2016  |z 9783110665956 
856 4 0 |u https://doi.uam.elogim.com/10.3138/9781442690110  |z Texto completo 
856 4 0 |u https://degruyter.uam.elogim.com/isbn/9781442690110  |z Texto completo 
912 |a 978-3-11-066595-6 University of Toronto Press Complete eBook-Package 2016  |b 2016 
912 |a GBV-deGruyter-alles