Firm settles with regulator over its role in the collapse of the non-bank ABCP market
Outlook for the rest of the globe is less positive
Appeal court rejects bid by Deutsche Bank Securities for judicial review
Extension to October 26 delays distribution of settlement funds
Ernst & Young to administer the return of funds to investors
Distribution details will be announced “in the near future”, regulators say
Credit quality of Canadian covered bonds will also be stable because the Canadian financial institutions that issue covered bonds are strong
Regulators have asked the court to rule than an earlier order does not prevent them from distributing $59.875 million received from five investment dealers
Co-founders of the firm at centre of Canada’s ABCP crisis to appeal $500,000 penalties
Credit quality is strong