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Securities and Housing Finance in Canada and the Global Financial Crisis

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Securities and Housing Finance in Canada and the Global Financial Crisis

Published: May 4, 2010

The paper is organized in two main parts. Part 1 provides background information on Canadian securities markets and the housing finance system, highlighting key elements of the market structure and regulation. Part 2 puts forward four propositions on Canada’s resilience for further discussion: the ‘domesticness’ argument; strong learning from past experience; principles-based and outcome oriented regulation; and a fundamentally different housing finance system. A brief section contextualizes Canada’s position on reform, before the concluding section recounts the main lessons from the Canadian experience in the area of securities regulation and housing finance.

Author: Aniket Bhushan

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