Document Type


Publication Date

Fall 2014

Source Publication

Rotman International Journal of Pension Management. Volume 7, No. 2 (2014), p. 28-36.


Collaboration Strategies, Fiduciary Law, Financial Sector Reform, Pension Fund, Social Utility


Informational asymmetries, misaligned incentives, and artificially elongated chains of intermediation have created a disconnect between the financial sector and the real economy that is detrimental to the public interest. Courts and regulators are increasingly intervening to break the cycle. Fiduciary law offers a conceptual framework both for understanding and responding to this trend. This article argues that the financial sector, rather than waiting for this trend to develop and reacting to new rules in a piecemeal way, should be proactive and shape the way in which the trend develops.


Also available on SSRN.

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Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.

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