This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
This Perspective discusses issues raised by the new national security test for proposed investments in Canada, including the ambiguity of the “national security” term and the possibility of politicized national security reviews. The author cautions the government not to adopt an over-expansive approach to the application of the new test. The Extended Note includes a detailed summary of these amendments to the Investment Canada Act and the recently published draft regulations that provide the details of the new national security review process.
A translation in Mandarin is also available via the “Download Resources” button.
