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 […] Jeremy M. Kronick – Financial Regulation Under President Trump
From: Jeremy M. Kronick To: Superintendent Jeremy Rudin Date: January 20, 2017 Re: Financial Regulation Under President Trump Today Donald J. Trump was inaugurated as the 45th President of the United States, and with it comes increased uncertainty for financial regulation post-Great Recession. The new administration appears to view regulation, such as Dodd-Frank and Basel commitments, […] Playing from Strength: Canada’s Trade Deal Priorities for Financial Services
Despite trade deals facing opposition, Canada still has key opportunities to expand its global presence, according to a new report from the C.D. Howe Institute. In “Playing from Strength: Canada’s Trade Deal Priorities for Financial Services,” authors Daniel Schwanen, Jeremy Kronick and Ramya Muthukumaran summarize Canada’s competitive strengths in financial and related services, and provide […] Takeover Rules: In Support of the Longer Minimum Bid Period
Securities regulators made the right move this year when they extended the minimum bid period for takeover bids in Canada, says a new C.D. Howe Institute report. In “Takeover Rules: In Support of the Longer Minimum Bid Period,” author Sharon Geraghty unpacks the implications of the new rules to bidders, boards and shareholders. Swimming with Whales: How to Encourage Competition from Small Banks
Ottawa should consider new regulatory approaches to bolster the role of smaller financial institutions if it is to achieve its goals of enhancing quality, price and innovation in that sector, according to a new report from the C.D. Howe Institute. In “Swimming with Whales: How to Encourage Competition from Small Banks,” author John Jason suggests […] Les lignes de faille : Tremblements de terre, assurance, et risque financier systémique
Les lignes de faille d’un tremblement de terre majeur au Canada pourraient se propager rapidement dans l’ensemble de l’industrie des assurances et avoir des répercussions financières systémiques, selon une nouvelle étude de l’Institut C.D. Howe. Dans « Les lignes de faille : Tremblements de terre, assurance, et risque financier systémique », l’auteur Nicholas Le Pan, ancien surintendant […] Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk
The fault lines from a major earthquake in Canada could quickly spread through the insurance industry and have a systemic financial impact, according to a new report from the C.D. Howe Institute. In “Fault Lines: Earthquakes, Insurance, and Systemic Financial Risk,” author Nicholas Le Pan, former federal Superintendent of Financial Institutions, urges policymakers to take […] National Priorities 2016
The National Priorities 2016 series provides a high level overview of key issues that the federal and provincial governments need to address, and provides an opportunity to highlight policy recommendations made by prior C.D. Howe Institute research on these topics. Fiscal and Tax – Tax Reform Priorities for Canada: Creating More Income to Go Around […] Looking for Liquidity: Banking and Emergency Liquidity Facilities
The Bank of Canada should start preparing for the next financial crisis, according to a new C.D. Howe Institute report. In “Looking for Liquidity: Banking and Emergency Liquidity Facilities,” author Jeremy Kronick urges the Bank (BoC) to establish new permanent liquidity pools that would be instantly available in times of crisis. Mortgaged to the Hilt: Risks From The Distribution of Household Mortgage Debt
The federal government should pay close attention to several pockets of risk in the Canadian housing market, according to a new C.D. Howe Institute report. In “Mortgaged to the Hilt: Risks From The Distribution of Household Mortgage Debt,” authors Craig Alexander and Paul Jacobson expose pockets of vulnerability by going beyond national averages and focusing […] Money in Motion: Modernizing Canada’s Payment System
Reforming the Canadian payment system would save businesses and consumers billions of dollars each year, according to a new C.D. Howe Institute report. In “Money in Motion: Modernizing Canada’s Payment System,” author John Chant argues that getting rid of cheques should be the first priority in modernizing the Canadian payment system.