OSC says Coventree withheld looming ABCP crash from investors
September 29, 2011 by Adil Virani
Filed under Latest News, Latest Rates, Mortgage FAQ, Recent News
JACQUIE MCNISH AND JEFF GRAY After weeks of scrambling to resuscitate the ailing asset-backed commercial paper (ABCP) market in the summer of 2007, a senior executive with Coventree Inc. sent an ominous e-mail to company officers. Warning that the Caisse de dépôt et placement du Québec would likely stop supporting the troubled market, Coventree’s head of capital markets David […]
