Dangerous Opportunities: The Future of Financial Institutions, Housing Policy, and Governance Ben-Ishai Stephanie
Dangerous Opportunities: The Future of Financial Institutions, Housing Policy, and Governance Ben-Ishai Stephanie The 2017 Home Capital saga represents the shortcomings of a financial system…
Specifikacia Dangerous Opportunities: The Future of Financial Institutions, Housing Policy, and Governance Ben-Ishai Stephanie
Dangerous Opportunities: The Future of Financial Institutions, Housing Policy, and Governance Ben-Ishai Stephanie
The 2017 Home Capital saga represents the shortcomings of a financial system challenged by distinct, siloed regulatory frameworks that fail to communicate with each other. Home Capital's 2017 announcement that it required $2 billion to sustain a $600-million loss shook customer confidence, and fueled by allegations of corruption, the company suffered a rapid decline in stock price.The Home Capital crisis is the most recent pre-pandemic example of systemic risk in the financial sector in Canada and highlights the invaluable opportunity we have to avoid repeating past mistakes in the nearing post-pandemic economic reality.Using the 2017 Home Capital saga as a starting point, Dangerous Home Capital is a publicly traded company that acts as a lender through the Home Trust Company, most often providing mortgages to clients rejected by traditional banks.