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 investor...
Gespeichert in:
| Hauptverfasser: | , , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Toronto ; Buffalo ; London
University of Toronto Press
[2016]
|
| Schlagworte: | |
| Zusammenfassung: | "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."... |
| Beschreibung: | Includes bibliographical references (pages 219-225) and index |
| Beschreibung: | xv, 251 Seiten Diagramme 24 cm |
| ISBN: | 9781442641921 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV044035014 | ||
| 003 | DE-604 | ||
| 005 | 20180119 | ||
| 007 | t | ||
| 008 | 170208s2016 |||| |||| 00||| eng d | ||
| 010 | |a 016429230 | ||
| 020 | |a 9781442641921 |9 978-1-4426-4192-1 | ||
| 035 | |a (OCoLC)975219068 | ||
| 035 | |a (DE-599)BVBBV044035014 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-188 | ||
| 050 | 0 | |a HG4028.A84 | |
| 082 | 0 | |a 658.15224 |2 23 | |
| 100 | 1 | |a Halpern, Paul J. N. |e Verfasser |0 (DE-588)170606821 |4 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 ; Buffalo ; London |b University of Toronto Press |c [2016] | |
| 300 | |a xv, 251 Seiten |b Diagramme |c 24 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references (pages 219-225) and index | ||
| 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."... | ||
| 610 | 1 | 7 | |a Global Financial Crisis (2008-2009) |2 fast |
| 610 | 2 | 7 | |a Global Financial Crisis (2008-2009) |2 fast |0 (OCoLC)fst01755654 |
| 648 | 7 | |a 2008-2009 |2 fast | |
| 650 | 7 | |a Asset-backed financing |2 fast | |
| 650 | 7 | |a Banks and banking |2 fast | |
| 650 | 7 | |a Capital market |2 fast | |
| 650 | 7 | |a Financial crises |2 fast | |
| 650 | 7 | |a Investments |2 fast | |
| 650 | 7 | |a Negotiable instruments |2 fast | |
| 650 | 4 | |a Bank | |
| 650 | 4 | |a Asset-backed financing |z Canada | |
| 650 | 4 | |a Banks and banking |z Canada | |
| 650 | 4 | |a Negotiable instruments |z Canada | |
| 650 | 4 | |a Capital market |z Canada | |
| 650 | 4 | |a Investments |z Canada | |
| 650 | 4 | |a Financial crises |z Canada | |
| 650 | 4 | |a Global Financial Crisis, 2008-2009 | |
| 650 | 4 | |a Asset-backed financing | |
| 650 | 4 | |a Banks and banking | |
| 650 | 4 | |a Capital market | |
| 650 | 4 | |a Financial crises | |
| 650 | 4 | |a Investments | |
| 650 | 4 | |a Negotiable instruments | |
| 651 | 7 | |a Canada |2 fast | |
| 651 | 4 | |a Kanada | |
| 651 | 4 | |a Canada | |
| 653 | 7 | |a 2008-2009 |a fast | |
| 700 | 1 | |a Cakebread, Caroline |e Verfasser |0 (DE-588)1126606111 |4 aut | |
| 700 | 1 | |a Nicholls, Christopher C. |e Verfasser |0 (DE-588)1029219362 |4 aut | |
| 700 | 1 | |a Puri, Poonam |e Verfasser |0 (DE-588)1126606510 |4 aut | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-029442183 | ||
Datensatz im Suchindex
| _version_ | 1804177041053974528 |
|---|---|
| any_adam_object | |
| author | Halpern, Paul J. N. Cakebread, Caroline Nicholls, Christopher C. Puri, Poonam |
| author_GND | (DE-588)170606821 (DE-588)1126606111 (DE-588)1029219362 (DE-588)1126606510 |
| author_facet | Halpern, Paul J. N. Cakebread, Caroline Nicholls, Christopher C. Puri, Poonam |
| author_role | aut aut aut aut |
| author_sort | Halpern, Paul J. N. |
| author_variant | p j n h pjn pjnh c c cc c c n cc ccn p p pp |
| building | Verbundindex |
| bvnumber | BV044035014 |
| callnumber-first | H - Social Science |
| callnumber-label | HG4028 |
| callnumber-raw | HG4028.A84 |
| callnumber-search | HG4028.A84 |
| callnumber-sort | HG 44028 A84 |
| callnumber-subject | HG - Finance |
| ctrlnum | (OCoLC)975219068 (DE-599)BVBBV044035014 |
| dewey-full | 658.15224 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.15224 |
| dewey-search | 658.15224 |
| dewey-sort | 3658.15224 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| era | 2008-2009 fast |
| era_facet | 2008-2009 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03645nam a2200673 c 4500</leader><controlfield tag="001">BV044035014</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20180119 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">170208s2016 |||| |||| 00||| eng d</controlfield><datafield tag="010" ind1=" " ind2=" "><subfield code="a">016429230</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781442641921</subfield><subfield code="9">978-1-4426-4192-1</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)975219068</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV044035014</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-188</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG4028.A84</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.15224</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Halpern, Paul J. N.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)170606821</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Back from the brink</subfield><subfield code="b">lessons from the Canadian asset-backed commercial paper crisis</subfield><subfield code="c">Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Toronto ; Buffalo ; London</subfield><subfield code="b">University of Toronto Press</subfield><subfield code="c">[2016]</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">xv, 251 Seiten</subfield><subfield code="b">Diagramme</subfield><subfield code="c">24 cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references (pages 219-225) and index</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="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."...</subfield></datafield><datafield tag="610" ind1="1" ind2="7"><subfield code="a">Global Financial Crisis (2008-2009)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="610" ind1="2" ind2="7"><subfield code="a">Global Financial Crisis (2008-2009)</subfield><subfield code="2">fast</subfield><subfield code="0">(OCoLC)fst01755654</subfield></datafield><datafield tag="648" ind1=" " ind2="7"><subfield code="a">2008-2009</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Asset-backed financing</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Banks and banking</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Capital market</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Financial crises</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Investments</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Negotiable instruments</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Bank</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Asset-backed financing</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks and banking</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Negotiable instruments</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital market</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investments</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial crises</subfield><subfield code="z">Canada</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Global Financial Crisis, 2008-2009</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Asset-backed financing</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks and banking</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Capital market</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Financial crises</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Investments</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Negotiable instruments</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Canada</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Kanada</subfield></datafield><datafield tag="651" ind1=" " ind2="4"><subfield code="a">Canada</subfield></datafield><datafield tag="653" ind1=" " ind2="7"><subfield code="a">2008-2009</subfield><subfield code="a">fast</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Cakebread, Caroline</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1126606111</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Nicholls, Christopher C.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1029219362</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Puri, Poonam</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)1126606510</subfield><subfield code="4">aut</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-029442183</subfield></datafield></record></collection> |
| geographic | Canada fast Kanada Canada |
| geographic_facet | Canada Kanada |
| id | DE-604.BV044035014 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:41:46Z |
| institution | BVB |
| isbn | 9781442641921 |
| language | English |
| lccn | 016429230 |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029442183 |
| oclc_num | 975219068 |
| open_access_boolean | |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | xv, 251 Seiten Diagramme 24 cm |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | University of Toronto Press |
| record_format | marc |
| spelling | Halpern, Paul J. N. Verfasser (DE-588)170606821 aut Back from the brink lessons from the Canadian asset-backed commercial paper crisis Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri Toronto ; Buffalo ; London University of Toronto Press [2016] xv, 251 Seiten Diagramme 24 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (pages 219-225) and index "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."... Global Financial Crisis (2008-2009) fast Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 2008-2009 fast Asset-backed financing fast Banks and banking fast Capital market fast Financial crises fast Investments fast Negotiable instruments fast Bank Asset-backed financing Canada Banks and banking Canada Negotiable instruments Canada Capital market Canada Investments Canada Financial crises Canada Global Financial Crisis, 2008-2009 Asset-backed financing Banks and banking Capital market Financial crises Investments Negotiable instruments Canada fast Kanada Canada Cakebread, Caroline Verfasser (DE-588)1126606111 aut Nicholls, Christopher C. Verfasser (DE-588)1029219362 aut Puri, Poonam Verfasser (DE-588)1126606510 aut |
| spellingShingle | Halpern, Paul J. N. Cakebread, Caroline Nicholls, Christopher C. Puri, Poonam Back from the brink lessons from the Canadian asset-backed commercial paper crisis Global Financial Crisis (2008-2009) fast Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 Asset-backed financing fast Banks and banking fast Capital market fast Financial crises fast Investments fast Negotiable instruments fast Bank Asset-backed financing Canada Banks and banking Canada Negotiable instruments Canada Capital market Canada Investments Canada Financial crises Canada Global Financial Crisis, 2008-2009 Asset-backed financing Banks and banking Capital market Financial crises Investments Negotiable instruments |
| subject_GND | (OCoLC)fst01755654 |
| title | Back from the brink lessons from the Canadian asset-backed commercial paper crisis |
| title_auth | Back from the brink lessons from the Canadian asset-backed commercial paper crisis |
| title_exact_search | Back from the brink lessons from the Canadian asset-backed commercial paper crisis |
| title_full | Back from the brink lessons from the Canadian asset-backed commercial paper crisis Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri |
| title_fullStr | Back from the brink lessons from the Canadian asset-backed commercial paper crisis Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri |
| title_full_unstemmed | Back from the brink lessons from the Canadian asset-backed commercial paper crisis Paul Halpern, Caroline Cakebread, Christopher C. Nicholls, Poonam Puri |
| title_short | Back from the brink |
| title_sort | back from the brink lessons from the canadian asset backed commercial paper crisis |
| title_sub | lessons from the Canadian asset-backed commercial paper crisis |
| topic | Global Financial Crisis (2008-2009) fast Global Financial Crisis (2008-2009) fast (OCoLC)fst01755654 Asset-backed financing fast Banks and banking fast Capital market fast Financial crises fast Investments fast Negotiable instruments fast Bank Asset-backed financing Canada Banks and banking Canada Negotiable instruments Canada Capital market Canada Investments Canada Financial crises Canada Global Financial Crisis, 2008-2009 Asset-backed financing Banks and banking Capital market Financial crises Investments Negotiable instruments |
| topic_facet | Global Financial Crisis (2008-2009) Asset-backed financing Banks and banking Capital market Financial crises Investments Negotiable instruments Bank Asset-backed financing Canada Banks and banking Canada Negotiable instruments Canada Capital market Canada Investments Canada Financial crises Canada Global Financial Crisis, 2008-2009 Canada Kanada |
| work_keys_str_mv | AT halpernpauljn backfromthebrinklessonsfromthecanadianassetbackedcommercialpapercrisis AT cakebreadcaroline backfromthebrinklessonsfromthecanadianassetbackedcommercialpapercrisis AT nichollschristopherc backfromthebrinklessonsfromthecanadianassetbackedcommercialpapercrisis AT puripoonam backfromthebrinklessonsfromthecanadianassetbackedcommercialpapercrisis |