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 that we have in avoiding past mistakes in the nearing post-pandemic economic reality.
Dangerous Opportunities sheds light, using the 2017 Home Capital saga as a starting point, on the compartmentalization of regulators and its greater ramifications on board independence and corporate governance, taxation in the competitive house context, and non-bank financial institutions' success in various jurisdictions. A hybrid of law and business, Dangerous Opportunities is a must read for those interested in the underbelly of financial institutions, and is an inspired read in the aftermath of the recent housing crisis which saw many desiring-homeowners seeking dangerous opportunities outside of the traditional banking system.