Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products

Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products

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One of the main factors that spurred the 2008 financial crisis was the trading of securitized products without a clear understanding of the risks that those products bore. I argue that an appropriate regime of mandatory disclosure is the primary instrument regulators should refer to in order to corr...

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Main Author: Bonera, Lorenzo
Other Authors: Anand, Anita
Language:en_ca
Published: 2012
Subjects:
mandatory disclosure
securitized products
market for lemons
investor protection
0398
Online Access:http://hdl.handle.net/1807/33345
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spelling ndltd-TORONTO-oai-tspace.library.utoronto.ca-1807-333452013-04-19T20:03:06ZMandatory Disclosure and the CSA Proposed Legislation for Securitized ProductsBonera, Lorenzomandatory disclosuresecuritized productsmarket for lemonsinvestor protection0398One of the main factors that spurred the 2008 financial crisis was the trading of securitized products without a clear understanding of the risks that those products bore. I argue that an appropriate regime of mandatory disclosure is the primary instrument regulators should refer to in order to correct the informational asymmetries that are present in the market for securities products. Subsequently, I take into consideration the CSA proposed legislation for the mandatory disclosure of securitized products and analyze its main components under the light of the principles of investor protection and market efficiency. I find that the new legislation should be welcome by market operators because it is a good balancing effort between the necessity to protect the investors and fostering the efficiency of the market.Anand, Anita2012-112012-11-21T14:28:15ZNO_RESTRICTION2012-11-21T14:28:15Z2012-11-21Thesishttp://hdl.handle.net/1807/33345en_ca
collection NDLTD
language en_ca
sources NDLTD
topic mandatory disclosure
securitized products
market for lemons
investor protection
0398
spellingShingle mandatory disclosure
securitized products
market for lemons
investor protection
0398
Bonera, Lorenzo
Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
description One of the main factors that spurred the 2008 financial crisis was the trading of securitized products without a clear understanding of the risks that those products bore. I argue that an appropriate regime of mandatory disclosure is the primary instrument regulators should refer to in order to correct the informational asymmetries that are present in the market for securities products. Subsequently, I take into consideration the CSA proposed legislation for the mandatory disclosure of securitized products and analyze its main components under the light of the principles of investor protection and market efficiency. I find that the new legislation should be welcome by market operators because it is a good balancing effort between the necessity to protect the investors and fostering the efficiency of the market.
author2 Anand, Anita
author_facet Anand, Anita
Bonera, Lorenzo
author Bonera, Lorenzo
author_sort Bonera, Lorenzo
title Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
title_short Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
title_full Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
title_fullStr Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
title_full_unstemmed Mandatory Disclosure and the CSA Proposed Legislation for Securitized Products
title_sort mandatory disclosure and the csa proposed legislation for securitized products
publishDate 2012
url http://hdl.handle.net/1807/33345
work_keys_str_mv AT boneralorenzo mandatorydisclosureandthecsaproposedlegislationforsecuritizedproducts
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