Dangerous opportunities the future of financial institutions, housing policy, and governance / edited by Stephanie Ben-Ishai.
| Other author | Ben-Ishai, Stephanie. |
| Format | Electronic |
| Publication Info | Toronto ; Buffalo ; London : University of Toronto Press, [2021] |
| Description | vi, 198 pages ; 24 cm |
| Supplemental Content | Full text available from eBooks on EBSCOhost |
| Subjects |
| Contents | Introduction. The Shaky Foundations of the Home Capital Crisis / Stephanie Ben-Ishai -- Governance Challenges in Times of Crisis / Poonam Puri -- HOOPP and Home Capital: Pension Funds as Good Governors and Crisis Managers / Simon Archer -- Securities Regulators and Investor Education / Gail E. Henderson -- Home Capital and Cross-Border Lessons in Mortgage Regulation / Stephanie Ben-Ishai -- Tax Reform: A Missing Piece in Canada's National Housing Policy / Jinyan Li -- Conclusion. Dangerous Opportunities: Lessons Learned for the Pandemic Recovery Efforts / Stephanie Ben-Ishai. |
| Abstract | "The 2017 Home Capital saga represents the shortcomings of a financial system challenged by distinct, siloed regulatory frameworks that fail to communicate with each other. Home Capital is a publicly traded company that acts as a lender through the Home Trust Company, most often providing mortgages to clients rejected by traditional banks. Home Capital's 2017 announcement that it required 2 billion to sustain a 600 million loss shook customer confidence, and fueled by allegations of corruption, they suffered a rapid decline in stock price. The Home Capital crisis is the most recent pre-pandemic example of systemic risk in the financial sector in Canada and highlights the invaluable opportunity that we have in avoiding past mistakes in the nearing post-pandemic economic reality. Dangerous Opportunities sheds light, using the 2017 Home Capital saga as a starting point, on the compartmentalization of regulators and its greater ramifications on board independence and corporate governance, taxation in the competitive house context, and non-bank financial institutions' success in various jurisdictions. A hybrid of law and business, Dangerous Opportunities is a must read for those interested in the underbelly of financial institutions, and is an inspired read in the aftermath of the recent housing crisis which saw many desiring-homeowners seeking dangerous opportunities outside of the traditional banking system."-- Provided by publisher. |
| Bibliography note | Includes bibliographical references (pages 137-196). |
| Access restriction | Available only to authorized users. |
| Other forms | Issued also in electronic format. |
| Technical details | Mode of access: World Wide Web |
| Genre/form | Electronic books. |
| LCCN | 2021392687 |
| ISBN | 9781487506087 (cloth) |
| ISBN | 1487506082 (cloth) |
| ISBN | (pdf) |
| ISBN | (epub) |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |