It has been endlessly demonstrated that the provinces will stand in the way of successful negotiations towards a common or national securities regulator in Canada. While there are many flaws in the current regulatory system, there are aspects of a decentralized model that can be valuable, particularly in a country with such regional diversity. Moving forward, policy development should focus on strengthening the current system while realizing the political realities that persist. By retaining various aspects of a decentralized model, yet also cooperating with the federal government to overcome issues that a national regulator might have resolved, there is potential for Canada’s system to prevail.

Thesis (PhD)--University of South Australia, 1999

This thesis examines finite dimensional representability of Forward Rate and LIBOR models. A new approach is examined. This approach is more general, elementary, and relevant to finance when compared with existing approaches. This new approach is applied to the following infinite dimensional equations used in finance: ?Gaussian Heath, Jarrow and Morton model; ?Free 1 Heath, Jarrow and Morton model; ?Brace, G?atarek and Musiela???s LIBOR model. Stronger results have been achieved using this approach. The results are as follows: ?The Gaussian HJM model can be represented in finite dimensions if and only if the volatility satisfies a particular differential equation. In which case the finite dimensional representation can be explicitly written; ?The Brace, G?atarek and Musiela???s LIBOR model with one dimensional Wiener process cannot be represented in finite dimensions (other than in a trivial case); ?The Brace, G?atarek and Musiela???s LIBOR model with multidimen-sional Wiener process, and Free HJM have a finite dimensional repre-sentation only if the initial yield curves satisfy a restrictive differential equation. This thesis is arranged as follows ?Chapter 1 is an introduction to this thesis and derivative pricing in general. The reader is referred to section 1.4 titled ???This Thesis?for a more detailed description of the approach of this thesis and its results. ?Chapter 2 contains a brief summary of results from the theory of stochastic processes, stochastic calculus and stochastic equations in infinite dimensions ?Chapter 3 contains an overview of spot market pricing models including the Cox, Ross and Rubinstein and Black and Scholes models. ?Chapter 4 contains an overview of the fixed income market pricing models including the Heath, Jarrow and Morton model; Musiela???s re-formulation of the HJM model; the Goldys, Musiela and Sondermann model; and the Brace, G?atarek and Musiela LIBOR model. ?Chapter 5 contains the primary results of this thesis. Finite Dimen-sional Representability is defined formally and applied to the Musiela reformulated Gaussian HJM model; Musiela reformulated free HJM model; and the Brace, G?atarek and Musiela LIBOR model. This ap-proach and results are compared with the literature.

Thesis (M.S.) -- Worcester Polytechnic Institute. / Keywords: security; derivatives; forward; measure; binomial tree. Includes bibliographical references (p.34-35).

Thesis (LL. M.)--University of Toronto, 2004. / Adviser: Doug Harris.

Thesis (LL. M.)--University of Toronto, 2005.

Thesis (M.Sc.)--York University, 2006. Graduate Programme in Mathematics and Statistics. / Typescript. Includes bibliographical references (leaves 92-94). Also available on the Internet. MODE OF ACCESS via web browser by entering the following URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pqdiss&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&rft_dat=xri:pqdiss:MR29633

Thesis (LL.M.). / Written for the Faculty of Law. Title from title page of PDF (viewed 2008/05/13). Includes bibliographical references.

Thesis (Ph.D.) - University of St Andrews, October 2008.

Zugl.: Leipzig, Univ., Diss., 2008