Last week Judge Colin Campbell, who is overseeing the $32 billion restructuring plan for Canada's nonbank ABCP, said that he will decide quickly on whether he will approve the plan or not. This is a ray of hope for a market that has been frozen since the liquidity crisis started last year.

However, despite this move toward a resolution, Canadian ABCP players still maintain that this sector is going to be smaller no matter what the outcome of the restructuring plan is.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.