Asset Backed Commercial Paper: Resolution and Impact on Capital Markets
Panel #1: Addressing Issues Arising from Canada’s ABCP Crisis ABCP Case Study: A Canadian-Made Solution
Events leading up to/following crisis
- Montreal Accord; Pan Canadian Investors’ Committee
- In hindsight, would you change anything?
Financial aspects
Court aspects
Panelists
Jeremy Fraiberg
Osler
Stephen Halperin
Goodmans LLP
Andrew Kresse, MD
JP Morgan Securities – US Gale Rubenstein, Goodmans LLP
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Panel #2: Are significant regulatory changes needed to prevent similar problems in the future?
Issues discussed:
a. Exempt Market
b. Credit Rating Agencies
c. Mark to Market
d. Complex financial products
Panelists
Chair – Purdy Crawford
Osler Andrew Kresse
MD, JP Morgan Securities – US
Jim Turner
Vice-Chair, OSC
Susan Wolburgh Jenah
CEO, IIROC
Mark White
Senior Director, OSFI
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Keynote Luncheon Speaker
Tiff Macklem
Click here to view Mr. Macklem's speech.