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 […] 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.