Coverart for item
The Resource Back from the brink : lessons from the Canadian asset-backed commercial paper crisis, Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri

Back from the brink : lessons from the Canadian asset-backed commercial paper crisis, Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri

Label
Back from the brink : lessons from the Canadian asset-backed commercial paper crisis
Title
Back from the brink
Title remainder
lessons from the Canadian asset-backed commercial paper crisis
Statement of responsibility
Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri
Creator
Contributor
Author
Subject
Language
eng
Summary
"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."--
Assigning source
Provided by publisher
Cataloging source
NLC
http://library.link/vocab/creatorName
Halpern, Paul
Dewey number
658.15224
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Nicholls, Christopher C
  • Puri, Poonam
  • Cakebread, Caroline
http://library.link/vocab/subjectName
  • Asset-backed financing
  • Banks and banking
  • Negotiable instruments
  • Capital market
  • Investments
  • Financial crises
  • Global Financial Crisis, 2008-2009
Label
Back from the brink : lessons from the Canadian asset-backed commercial paper crisis, Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 219-225) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn935757230
Dimensions
24 cm.
Extent
xv, 251 pages
Isbn
9781442641921
Isbn Type
(cloth)
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)935757230
Label
Back from the brink : lessons from the Canadian asset-backed commercial paper crisis, Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri
Publication
Bibliography note
Includes bibliographical references (pages 219-225) and index
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn935757230
Dimensions
24 cm.
Extent
xv, 251 pages
Isbn
9781442641921
Isbn Type
(cloth)
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)935757230

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