In-person Event at Rotman
How Pervasive is Corporate Fraud? It’s More Common Than You Might Think
Tuesday, April 11, 2023, 5:00-7:30pm, Reception to follow
(registration 4:30pm)
Rotman School of Management
105 St George St, Toronto, ON
Desautels Hall
Cost: $19.95
Synopsis:
In light of recently published research, the Capital Markets Institute at Rotman is an event on How Pervasive is Corporate Fraud? It’s More Common Than You Might Think. Following short presentations of the research, including implications for the Canadian Capital Markets, we will convene a panel of subject matter experts. Our esteemed panel of experts will bring together insights from academia, the plaintiff’s bar, regulators, and accountants.
This panel will be a unique opportunity to hear from experts in the field and to gain insights into the complexity of the issue of corporate fraud, including:
• the frequency and magnitude of fraud in capital markets.
• the implications of corporate fraud for investors, boards of directors, and the legal and regulatory community.
• the effectiveness of current regulatory and legal mechanisms in detecting and deterring fraud.
Background:
How Pervasive is Corporate Fraud? (Alexander Dyck, Adair Morse, and Luigi Zingales), Review of Accounting Studies, January 5, 2023
Slicing Cash Flows for Better Ratings
Bloomberg News, January 18, 2023
Corporate fraud is widespread - and largely undetected, study says
Globe & Mail, January 16, 2023
Just how common is corporate fraud?
New York Times Dealbook, January 14, 2023
Speakers/Panelists:
Alexander Dyck
Director, Capital Markets Institute
Professor of Finance and Economic Analysis and Policy (cross Appointed to Faculty of Law)
Manulife Financial Chair in Financial Services
Rotman School of Management
David Milstead
Staff Reporter, The Globe and Mail
Daniel Bach
Partner - Class Actions, Siskinds
Becky Seidler
Partner, KPMG LLP
Kim Shannon
Founder and Co-Chief Investment Officer
Sionna Investment Managers
Moderator:
Maureen Jensen
Former Chair, Ontario Securities Commission
Past Events:
Canadian Crypto Regulation: Right Approach? What's Next?
Co-Hosted
By: Rotman FinHub and Capital Markets Institute
Friday,
December 16, 2022, 9:00 AM – 12:00 PM in-person
Rotman
School of Management, Desautels
Hall
Synopsis: The
regulation of Crypto Assets is a global issue of growing concern. In the US,
the Financial Stability oversight council reports that “widespread adoption of
digital assets poses risk if the market continues to grow without better
oversight and enforcement.” Does the Canadian approach offer a viable solution?
Grant Vingoe, OSC CEO, suggests as much in a speech on October 6, 2022, “In
Canada, we have been at the forefront of bringing crypto assets into the
regulatory perimeter to give genuine innovators room to develop their ideas
while still protecting investors. We have taken many concrete measures while
others continue to struggle with definitions and fight jurisdictional battles….
Some of the largest platforms in the world … see the reputational value of
being within the regulatory perimeter and competing on a level playing field.
Well-run firms tend to be receptive to a reasonable approach that includes open
conversations, manageable deadlines, and an efficient onboarding process.”
Background:
A 2022
Primer for Crypto-Trading, 13 Jul 2022, Andreas Park, University of Toronto
“Buyer
Aware: applying essential protections to the crypto world” Keynote Address by
Grant Vingoe Chief Executive Officer, Ontario Securities Commission Economic
Club of Canada October 6, 2022
Ontario
Securities Commission Crypto Asset Survey, Final Report 2022-09-26
Backgrounder: Regulation of Crypto Currency, December 1, 2022, Ryan Riemenschneider, JD/MBA Candidate – 2023, Capital Markets Institute JD/MBA Student Fellow, University of Toronto Faculty of Law / Rotman School of Management
Speakers:
Debra
Foubert, Director, Compliance and Registrant Regulation,
Ontario Securities Commission
Dan
Padro, Director of Policy, Credit Unions, Insurance
Prudential & Pensions, Financial Services Regulatory Authority
Andreas
Park, Research Director, Rotman FinHub; Professor of
Finance, Department of Management, University of Toronto Mississauga and Rotman
School of Management
Poonam
Puri, Professor, Osgoode Hall Law School, York
University
Blair
Wiley, Chief Legal Officer, Wealthsimple
Host:Alexander Dyck,Director, Capital Markets
Institute, Rotman School of Management