Consultation paper outlines proposed disclosure principles
Responding to the new CSA proposals for asset-backed commercial paper
Dean Tai will be retiring as CEO of Coventree Inc. as part of ongoing workforce reductions during the orderly wind down of operations, the company said Friday.Tai has also resigned as a director of Coventree and decided not to stand for re-election as director at the company’s next annual meeting.Coventree has agreed to pay Tai […]
The board of directors of National Bank and Louis Vachon, the bank’s president and CEO, have come to an agreement on how Vachon should dispose of his $2.5 million personal investment placed in trust in 2007 while the asset-backed commercial paper (ABCP) issue was being worked out. The announcement was made Thursday as the bank […]
Finance minister says it's important for Quebecers to know what happened with the Caisse’s ABCP holdings
New proposals for updating the Basel II framework would impact structured finance globally, and the asset-backed commercial paper market in particular, Fitch Ratings says.The rating agency notes that the proposals, published last month by the Bank for International Settlements, seek to update the Basel II framework in response to market events of the past 18 […]
CIBC Mellon has been appointed custodian in the $32 billion restructuring of the non-Canadian, non-bank sponsored asset-backed commercial paper (ABCP) market, the company said Thursday.“CIBC Mellon is uniquely positioned in the Canadian market to manage this important and complex ABCP restructuring,” says Thomas MacMillan, president and CEO. “We worked closely with the Pan-Canadian Investors’ Committee […]
Investment dealer warns of hit to Q3 earnings
But critics say that retail investors with more than $1 million in assets are not getting a fair shake
Bank to process principal and interest payments for investors