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The Canadian market roars
22 May 2008
?Canada has been called at times, insular, conservative, domestic. But the market is keen to demonstrate it is global. And recent regulatory changes will help. isf gathers some of the biggest securities lending players in the country together for the first in a series of local market forums.
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Canada
tri-party
collateral
limit on foreign holdings
pension funds
beneficial owners
Chair Canada has seen a recent flurry of regulation changes, the first being the lifting of the restriction limit of foreign holdings. This was lifted a few years ago and prior pension plans were limited to 30% foreign content. How has this affected the market?
Mark Fieldhouse RBC Dexia Investor Services From a securities lending perspective it has opened up a lot of opportunities. The pension plans have started to branch out and explore not just the traditional international markets but some of the emerging ones as well. And we have followed suit looking at the lending opportunities created by those emerging markets and setting up due diligence to explore the lending opportunities this represents. It is a bit ironic that this change came in just as the Canadian equity market became very attractive from a global perspective.
Chair Which emerging markets?
Fieldhouse Taiwan, Korea, India and of course Eastern...
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