Advanced Search
MyIDEAS: Login

Better Barking for ABS: Reform Proposals for the Asset-Backed Securities Market

Contents:

Author Info

  • David C. Allan

    (Tao Group of Companies)

  • Philippe Bergevin

    (C.D. Howe Institute)

Registered author(s):

    Abstract

    The market for asset-backed securities (ABS) – financial instruments backed by underlying assets such as mortgages – suffered a major setback in 2007, as a cascade of downgrades and defaults brought turmoil to credit markets and the world economy. Authorities in the United States have since proposed sweeping changes to the ABS market. The Canadian Securities Administrators, representing provincial securities commissions, recently released a discussion paper proposing similar reforms, which would require: (i) sharply enhanced transparency in ABS structures, (ii) CEO certification of the adequacy of such structures, and (iii) disclosure of previous asset repurchases by the securities’ sponsor.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.cdhowe.org/pdf/ebrief_123.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by C.D. Howe Institute in its series e-briefs with number 123.

    as in new window
    Length: 4 pages
    Date of creation: Sep 2011
    Date of revision:
    Publication status: Published on the C.D. Howe Institute website, September 2011
    Handle: RePEc:cdh:ebrief:123

    Contact details of provider:
    Postal: 67 Yonge St., Suite 300, Toronto, Ontario M5E 1J8
    Phone: (416) 865-1904
    Fax: (416) 865-1866
    Email:
    Web page: http://www.cdhowe.org
    More information through EDIRC

    Related research

    Keywords: Financial Services; asset-backed securities (ABS); credit markets;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. David C. Allan & Philippe Bergevin, 2010. "The Canadian ABS Market: Where Do We Go From Here?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 315, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cdh:ebrief:123. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristine Gray).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.