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| April 17, 2008 |
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Asset-Backed Commercial Paper Crisis: Urgent Need for a New Canada-wide Regulatory System over Securities in General, Shadow Banks, and Rating Agencies - U.S. Crisis Might Have Nonetheless Spilled Over into Canada Even with a Strong Regulatory System Here
This BDO Dunwoody CEO/Business Leader Poll by COMPAS will also appear in Canadian Business Magazine |
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Canada has a vital need for a federal regulatory system over securities in general, including shadow banks, and for a system that governs conflicts of interest affecting rating agencies and their customers, say the CEOs and business leaders on the COMPAS panel.
The U.S. crisis might have nonetheless have spilled over into Canada even with a strong regulatory system here. Panelists are divided on this aspect but largely of one mind on the pressing need for federal regulation. These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP. |
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