Melissa McCormick

What’s the fate of principles-based regulation?

Rumours that the global financial crisis would kill off principles-based regulations appear somewhat exaggerated. At a recent Capital Markets Institute Forum in Toronto, Cristie Ford, co-director for the National Centre for Business Law at the University of British Columbia, promoted a system that utilized the benefits of a principles-based regulatory system, while providing bright-line guidance […]

By Melissa McCormick |July 22, 2009

3 min read

Feds buy two AIG units, plan IPO

American International Group (AIG) will reduce outstanding U.S. federal loans by $25 billion (US) by giving the federal government a stake in two big life insurance units. The plan would eventually see American Life Insurance Company and American International Assurance Company spun off as publicly-traded companies. In an effort to reduce debt, AIG also entered […]

By Melissa McCormick |June 25, 2009

2 min read