Rotman School of Management, University of Toronto

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Livestream: Experts Discuss "Challenges of Lending to SMEs in the Pandemic: The Role of Canadian ALT Lenders"

10:00am sharp to 11:00am EDT livestream presentations and panel discussion

Session Host: Rotman FinHub

Event Details

Speaker Series

Date: Wednesday July 22, 2020 | 10:00 AM - 11:00 AM
Speaker(s): Andreas Park, Associate Professor of Finance, Department of Management, University of Toronto Mississauga, Rotman School of Management

Julapa Jagtiani, Senior Economic Advisor and Economist, Supervision, Regulation, and Credit, Federal Reserve of Philadelphia

Senator Colin Deacon, Independent Senator, Nova Scotia, Senate of Canada

Neil Wechsler, Chair, Canadian Lenders Association & CEO, OnDeck Canada
Topic: "Challenges of Lending to SMEs in the Pandemic: The Role of Canadian ALT Lenders"
Venue:

Online. Details on how to access the livestream will be emailed to you after registering.

Location: Online
Cost: Free to attend. Registration is required by 9:00 am on July 22.
Register Now

Synopsis: Our expert panel will briefly explore the well documented challenges that SMEs encounter in securing financing. Governments around that world have implemented pandemic-response programs, some of which are focused on the SME sector. To date, in Canada, these lenders have been excluded from assisting to facilitate the government-sponsored pandemic response programs. Our expert panel will discuss the issue of why, in Canada, have Alt lenders have been excluded from assisting to facilitate the government-sponsored pandemic response programs.  The answer may be that these lenders are not qualified or sophisticated enough to participate in the space. Or perhaps, the exclusion of these lenders from the space will in fact constrain and restrict the development of the innovative sector. We will hear both academic and practitioner perspectives.

Agenda:

Opening Remarks
Andreas Park
, Associate Professor of Finance, Department of Management, University of Toronto Mississauga, Rotman School of Management

Julapa JagtianiSenior Economic Advisor and Economist, Supervision, Regulation, and Credit, Federal Reserve of Philadelphia
Dr Jagtiana’s research focuses on both Small Business Lending and Fintech
https://www.philadelphiafed.org/consumer-finance-institute/researchers/julapa-jagtiani
A Survey of Fintech Research and Policy Discussion” (with Franklin Allen and Xian Gu), Federal Reserve Bank of Philadelphia Working Paper 20-21, June 2020

Senator Colin Deacon, Independent Senator, Nova Scotia, Senate of Canada
Senator Deacon has been an active and highly engaged member of the Standing Senate Committee on Banking, Trade and Commerce.
https://sencanada.ca/en/senators/deacon-colin/

Neil Wechsler, Chair, Canadian Lenders Association & CEO, OnDeck Canada
https://www.canadianlenders.org/about/

Panel Discussion 
Moderated by Andreas Park, Associate Professor of Finance, Department of Management, University of Toronto Mississauga, Rotman School of Management

Questions from participants

Wrap-up
Andreas Park, Associate Professor of Finance, Department of Management, University of Toronto Mississauga, Rotman School of Management

 

Background
Ottawa rejects fintechs’ proposal for distributing COVID-19 aid for businesses

Why governments should include fintech lenders to deliver support during COVID-19

FundThrough commits $10 million to help small businesses after federal government rejects FinTech COVID-19 relief proposals

Questions: Kathleen Coulson, Kathleen.Coulson@Rotman.Utoronto.Ca


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