Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Banking and Finance Law
Pension Fiduciaries And Climate Change: A Canadian Perspective, Maziar Peihani
Pension Fiduciaries And Climate Change: A Canadian Perspective, Maziar Peihani
All Faculty Publications
Climate change has emerged as a major issue of financial risk for Canadian pension funds when determining where to place investments. The author argues that while such pension funds recognize climate change as an issue that holds the potential for significant financial risk, the funds’ current approach to climate-related risks faces critical limitations. The author identifies the current practices of the five largest pension funds in Canada when faced with climate-related financial risks, then discusses the key shortcomings in current practices among the pension funds in three main areas.
First, the author examines organizational governance, which seeks to understand investment …
A Regulatory Roadmap For Financial Innovation, Cristie Ford
A Regulatory Roadmap For Financial Innovation, Cristie Ford
All Faculty Publications
Private sector innovation – whether it is fintech, biotechnology, the platformisation of the economy, or other developments – is the single most profound challenge that regulators confront today. Financial innovations, which are intangible and fast-moving, are especially challenging. Financial regulators are at the operational front line of making sense of the promise and the risks associated with fintech, and helping to ensure it operates for public benefit.
Faced with such a changeable and fast-moving problem, how can regulators “future proof” themselves?
This chapter outlines a roadmap for financial regulators who confront fast-moving and profound change in their sectors. It argues …