Harvey Naglie – The New Capital Markets Securities Regulator Is Not Investor Friendly
From: Harvey Naglie To: Canadian Stock Market Regulators Date: September 20, 2017 Re: The New Capital Markets Securities Regulator Is Not Investor Friendly The federal government together with five provinces (Ontario, British Columbia, Saskatchewan, New Brunswick and Prince Edward Island) and one territory (Yukon) are planning to introduce a new capital markets regulator before the end of next […] Not Ready for Prime Time: Canada’s Proposed New Securities Regulator
Canada’s proposed new securities regulator , due to be rolled out next year, is not ready for launch, according to a leading financial expert. In Not Ready for Prime Time: Canada’s Proposed New Securities Regulator, published by the C.D. Howe Institute, author Harvey Naglie argues that, in its current form, the proposed regulator suffers from key […] Mortgage Insurance Deductibles: An Idea Whose Time Hasn’t Come: Globe And Mail Op-ed
The rise in house prices – especially in Toronto and Vancouver – has coincided with a build-up of risks in the mortgage market and homeowners taking on too much debt relative to their income.
In response, the federal Department of Finance has proposed shifting some of the risk of mortgage defaults onto lenders from insurers, through a mortgage insurance deductible that would come out of the lender’s pocket in the case of mortgage default. Good intent. Bad idea.
The hope is that by shifting some of the potential losses from mortgage defaults onto lenders, a deductible would reduce the number of risky mortgage loans originated by lenders. But introducing a mortgage insurance deductible is a blunt and ineffective tool that…
Mortgage Insurance Deductibles: An Idea Whose Time Hasn’t Come
Ottawa should reject a “blunt” option it is considering to address the build-up of risky mortgages in the housing sector, according to the latest C.D. Howe report. In Mortgage Insurance Deductibles: An Idea Whose Time Hasn’t Come, authors Thorsten V. Koeppl and James C. MacGee, two leading thinkers on financial stability issues, definitively reject Ottawa’s proposal to […] James MacGee on BNN – Ineffective for Ottawa to spread more risk to mortgage lenders
As the federal government proposes spreading more risk to mortgage lenders, Jim MacGee, report author at the C.D. Howe Institute, joins BNN to discuss why this is not the right approach.
Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?
House rich, big-spending Canadians are taking a gamble on the risk of an economic shock in Canada, according to a new report from the C.D. Howe Institute. In Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?, author Jeremy Kronick finds Canadian household spending, apart from housing, has not dropped […] Intelligence Chat – House Rich, Big-Spending Canadians Taking Gamble
House rich, big-spending Canadians are taking a gamble on the risk of an economic shock in Canada. Join us for a conversation about some troubling mortgage and consumption trends in Canada, and the implications for policymakers concerned about a hard landing.Thorsten Koeppl – What The “terminator” Tells Us About Blockchain And Your Privacy
From: Thorsten Koeppl To: Office of the Privacy Commissioner of Canada Date: May 18, 2017 Re: What the “Terminator” Tells Us about Blockchain and your Privacy The Blockchain revolution is here. And, in many ways, it is like the Internet was when it started 20 years ago. We did not know how we would be […] Don Forgeron – The Plain Truth about Flood Risk
From: Don Forgeron To: Federal and Provincial Ministers of Public Safety and Infrastructure Date: May 12, 2017 Re: The Plain Truth about Flood Risk Boats full of possessions floating down streets. People up to their waists in rising water. Sandbag brigades. Heart-wrenching images of flooding in Quebec, Ontario, the Atlantic provinces and BC are all […] Jeremy M. Kronick – The Importance of Changes to Financial Advice
From: Jeremy M. Kronick To: Financial Advice Community Date: March 22, 2017 Re: The Importance of Changes to Financial Advice Disruption is coming to the financial services and advice sector. Technology is fundamentally changing how financial services firms operate and the client experience in financial advice – think robo-advisors. While this disruption is very real, it is by no […] Blockchain Needs Clear Rules to Become a Revolutionary Technology: Globe and Mail Op-Ed
You have probably heard of bitcoin. You might have even heard about its underlying technology, the blockchain. What you may not have realized is that it is not bitcoin that will change our lives, but other applications of blockchain technology in areas such as payments, contracts and the provision of government services.
Blockchain technology in its simplest form allows transactions to occur between individuals and institutions without the need for a third party. This would entail a big change for financial services firms. Since the Renaissance period, they have relied on a double-entry bookkeeping system whereby each transaction requires a debit on the asset side and a credit on the liability side. This form of record-keeping…
Blockchain Technology – What’s in Store for Canada’s Economy and Financial Markets?
Canadian regulators need to start preparing now for the rapidly approaching blockchain revolution, according to a new report from the C.D. Howe Institute. In “Blockchain Technology – What’s in Store for Canada’s Economy and Financial Markets?,” authors Thorsten Koeppl and Jeremy Kronick unveil the potential of blockchain technology and offer guidance to regulators on how […]