The Canadian ABS Market: Where Do We Go From Here?

David C. Allan and Philippe Bergevin
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David C. Allan: Lawyer and Consultant
Philippe Bergevin: C.D. Howe Institute

C.D. Howe Institute Commentary, 2010, issue 315

Abstract: The asset-backed securities (ABS) market suffered a major setback during the financial crisis that began in 2007. Its role in the broader market collapse has been well documented, but the need to restore a healthy ABS market is equally clear. Indeed, North American policymakers have readily acknowledged that this market must play a major role in the global economic recovery and policymakers have recently moved beyond addressing the urgency of restarting the ABS market to considering its reform. An analysis of current reform proposals guides suggestions for a policy approach that reflects Canadian market realities. Specifically, it would be prudent in the Canadian context to impose new disclosure requirements for all public market medium-term note issuance.

Keywords: Financial Services; asset-backed securities (ABS); ABS market reforms; Canadian ABS market; global economic recovery (search for similar items in EconPapers)
JEL-codes: G12 G18 G20 G28 G32 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (16)

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