Expert Panel on Securities Regulation

Creating an Advantage in Global Capital Markets

Research Studies

The Expert Panel commissioned seven research studies to support its deliberations on how to improve the content, structure, and enforcement of securities regulation in Canada. The research studies closely align with the topics prescribed in the Expert Panel’s mandate. The research studies are provided below in html and pdf formats.

The research process was managed by the Capital Markets Institute, a research institute affiliated with the University of Toronto’s Rotman School of Management. The Directors of Research were Paul Halpern, Professor of Finance at the Rotman School of Management, and Poonam Puri, Associate Professor of Law at the Osgoode Hall Law School.

The research studies were prepared independently by the authors. The views expressed in the research studies do not necessarily reflect the views of the members of the Expert Panel.

1. The ABCP Crisis in Canada: The Implications for the Regulation of Financial Markets
By John Chant, Professor Emeritus of Economics,
Simon Fraser University
2. Principles-Based Securities Regulation
By Cristie Ford, Assistant Professor of Law,
University of British Columbia
3. Structural Reform of Financial Regulation in Canada
By Eric J. Pan, Associate Professor of Law,
Benjamin N. Cardozo School of Law, New York, NY
4. A Model for Common Enforcement in Canada: The Canadian Capital Markets Enforcement Agency and the Canadian Securities Hearing Tribunal
By Poonam Puri, Associate Professor of Law,
Osgoode Hall Law School
5. The Québec Experience with an Independent Administrative Tribunal Specialized in Securities: A Study of the Bureau de décision et de révision en valeurs mobilières
By Stéphane Rousseau, Associate Professor of Law,
Université de Montréal
6. Proportionate Securities Regulation: The Potential for Scaled Treatment of Junior Issuers
By Janis Sarra, Professor of Law, University of British Columbia
7. Objectives, Outcomes, and Performance Measures in Securities Regulation
By Larry Schwartz, Independent Economic Consultant