{"product_id":"back-from-the-brink-lessons-from-the-canadian-asset-backed-commercial-paper-crisis-hardback-9781442641921","title":"Back from the Brink; Lessons from the Canadian Asset-Backed Commercial Paper Crisis (Hardback) 9781442641921","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eBack from the Brink\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eLessons from the Canadian Asset-Backed Commercial Paper Crisis\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003ePaul Halpern (Author), Caroline Cakebread (Author), Christopher C. Nicholls (Author), Poonam Puri (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781442641921\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 9 June 2016\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e264 pages, 10 figures\u003cbr\u003e22.9 x 15.2 x 2.5 cm, 0.54 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eAs 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.\u003c\/p\u003e \u003cp\u003eThe 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.\u003c\/p\u003e \u003cp\u003e\u003cem\u003eBack from the Brink\u003c\/em\u003e 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. \u003cem\u003eBack from the Brink \u003c\/em\u003eholds important lessons for anyone interested in Canadian law, the future of complex investments, and Canada’s capital markets.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eIntroduction\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003ePart 1. The ABCs of a Crisis\u003c\/strong\u003e\u003cbr\u003e  Chapter 1: The Day Montreal Stood Still\u003cbr\u003e  Chapter 2: Not a Regional Problem\u003cbr\u003e  Chapter 3: Enter Purdy Crawford\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003ePart 2. The Art of the Possible: Hammering Out a Deal\u003c\/strong\u003e\u003cbr\u003e  Chapter 4: A Proposal Is Born\u003cbr\u003e  Chapter 5: Putting It Back Together Again\u003cbr\u003e  Chapter 6: Selling the Deal\u003cbr\u003e  Chapter 7: The Plan Gets Approved\u003cbr\u003e  Chapter 8: It Almost Falls Apart\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003ePart 3. ABCP Afterlife: How Has the Market Performed?\u003c\/strong\u003e\u003cbr\u003e  Chapter 9: Whither a Liquid Market\u003cbr\u003e  Chapter 10: Regulatory Fallout\u003c\/p\u003e \u003cp\u003e\u003cstrong\u003ePart 4. Conclusions\u003c\/strong\u003e\u003cbr\u003e  Chapter 11: Winners and Losers in the ABCP Fiasco\u003cbr\u003e  Chapter 12: Lessons Learned\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"Rotman-UTP Publishing","offers":[{"title":"Brand New","offer_id":52716360073496,"sku":"9781442641921","price":27.56,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/back-from-the-brink-lessons-from-the-canadian-asset-backed-commercial-paper-crisis-hardback-9781442641921","provider":"Freshly Printed Books","version":"1.0","type":"link"}