Lana Embree - Latest

• Examining Full Collateral Coverage in Canada’s Large Value Transfer System

  Staff Working Paper 2015-29 Lana Embree, Varya Taylor

  The Large Value Transfer System (LVTS) is Canada’s main electronic interbank funds transfer system that financial institutions use daily to transmit thousands of payments worth several billions of dollars.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial institutions, Payment clearing and settlement systems JEL Code(s): E, E4, E47, G, G2, G21
• May 14, 2015

  Improving the Foundation of Canada’s Payments System

  Bank of Canada Review - Spring 2015 Lana Embree, Paul Miller

  The Canadian payments environment has evolved with enhancements in technology, changes in user expectations and new regulatory standards. In response, the existing regulatory framework and core payments infrastructure are being enhanced. This article describes several revisions to the governance and regulation of the payments system as well as plans to update the core payments infrastructure. These initiatives will position the Canadian payments system to more effectively support a modern and vibrant economy by serving the payments needs of Canadians safely and efficiently as the payments industry continues to evolve.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, G, G2, G28
• June 14, 2012

  Reducing Systemic Risk: Canada’s New Central Counterparty for the Fixed-Income Market

  Financial System Review - June 2012 Pothik Chatterjee, Lana Embree, Peter Youngman

  Content Type(s): Publications, Financial System Review articles
• February 17, 2011

  Payment Networks: A Review of Recent Research

  Bank of Canada Review - Winter 2010-2011 James Chapman, Lana Embree, Tom Roberts, Nellie Zhang

  In this article, the authors review work done at the Bank of Canada and at other central banks with the relatively new application of network analysis to the study of payments systems.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Central bank research, Payment clearing and settlement systems

• Network Analysis and Canada's Large Value Transfer System

  Staff Discussion Paper 2009-13 Lana Embree, Tom Roberts

  Analysis of the characteristics and structure of a network of financial institutions can provide insight into the complex relationships and interdependencies that exist in a payment, clearing, and settlement system (PCSS), and allow an intuitive understanding of the PCSS's efficiency, stability, and resiliency.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Payment clearing and settlement systems JEL Code(s): D, D8, D85, G, G1, G10
• June 21, 2008

  The Effects of a Disruption in CDSX Settlement on Activity in the LVTS: A Simulation Study

  Financial System Review - June 2008 Lana Embree, Kirby Millar

  Content Type(s): Publications, Financial System Review articles

• The Effects of a Disruption in CDSX Settlement on Activity in the LVTS: A Simulation Study

  Staff Discussion Paper 2008-7 Lana Embree, Kirby Millar

  The Large Value Transfer System (LVTS) for settling large payments, and CDSX for settling debt and equity trades, are two of the main settlement systems in Canada. They are closely linked; for example, at the end of the day the final CDSX payment obligations must settle on the Bank of Canada's books, with payments made […]

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Payment clearing and settlement systems JEL Code(s): E, E5, E58, G, G2, G21