OTTAWA, Feb. 4 /CNW Telbec/ - The Honourable Jim Flaherty, Minister of
Finance, issued the following statement today:
"I welcome the further progress announced today by the Pan-Canadian
Investors Committee toward the restructuring of non-bank asset-backed
commercial paper (ABCP), including the participation of Canadian banks.
The Government has been monitoring this market-led process closely and it
recognizes the contribution of all participants to the restructuring plan
announced on December 23.
I appreciate the complexity of this undertaking. As the process moves
forward, it will be important that detailed information be made available
to all investors at the earliest opportunity.
A fair and successful restructuring of the non-bank ABCP is important for
Canada's capital markets, and I encourage all parties to continue their
efforts to arrive at a satisfactory and timely solution."
For further information:
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