November 5, 2010 Bank of Canada holdings This document sets out the policy governing the acquisition and management of domestic financial assets for the Bank of Canada’s balance sheet.
November 4, 2010 Time change: Government of Canada 10 November 2010 2-year bond auction The Government of Canada 2-year bond auction scheduled for 10 November 2010 will be held at 10:30 (ET) instead of at the usual auction time of 12:00 (ET) Content Type(s): Press, Market notices
Capital Requirement and Financial Frictions in Banking: Macroeconomic Implications Staff Working Paper 2010-26 Ali Dib The author develops a dynamic stochastic general-equilibrium model with an active banking sector, a financial accelerator, and financial frictions in the interbank and bank capital markets. Content Type(s): Staff research, Staff working papers Topic(s): Business fluctuations and cycles, Economic models, Financial markets, Financial stability JEL Code(s): E, E3, E32, E4, E44, G, G1
October 28, 2010 Change in Minimum Bank of Canada Nominal Bond Purchases at Auctions The Bank of Canada is increasing its purchases of nominal bonds at auctions to 15 per cent effective immediately. This will assist in bringing its holdings of Government of Canada securities more in line with the composition of the government's stock of nominal domestic marketable debt, consistent with the Bank of Canada's policy for managing its balance sheet. Content Type(s): Press, Market notices
October 27, 2010 Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce Opening statement Mark Carney Standing Senate Committee on Banking, Trade and Commerce Ottawa, Ontario We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. Content Type(s): Press, Speeches and appearances, Opening statements
October 27, 2010 Financial Globalization and Financial Instability Conference held on 27 to 29 October 2010 (papers in unedited, electronic format only) Content Type(s): Conferences and workshops
October 26, 2010 Reform of Over-the-Counter (OTC) Derivatives Markets in Canada: Discussion Paper from the Canadian OTC Derivatives Working Group Today, the Canadian OTC Derivatives Working Group published a paper that sets out preliminary recommendations for implementing Canada's G-20 commitments related to OTC derivatives. Content Type(s): Press, Market notices
October 26, 2010 Opening Statement before the House of Commons Standing Committee on Finance Opening statement Mark Carney House of Commons Standing Committee on Finance Ottawa, Ontario We are pleased to appear before this committee today to discuss the Bank of Canada’s views on the economy and our monetary policy stance. Before I take your questions, I would like to give you some of the highlights from our latest Monetary Policy Report, which was released last week. Content Type(s): Press, Speeches and appearances, Opening statements
October 26, 2010 Reform of Over-the-Counter (OTC) Derivatives Markets in Canada This discussion paper represents the work of the inter-agency Canadian OTC Derivatives Working Group (OTCD WG), formed in December 2009, that is chaired by the Bank of Canada and composed of members from the Office of the Superintendent of Financial Institutions (OSFI), the federal Department of Finance, the Ontario Securities Commission, the Autorité des marchés financiers, the Alberta Securities Commission and the Bank of Canada.
Losses from Simulated Defaults in Canada's Large Value Transfer System Staff Discussion Paper 2010-14 Nellie Zhang, Tom Hossfeld The Large Value Transfer System (LVTS) loss-sharing mechanism was designed to ensure that, in the event of a one-participant default, the collateral pledged by direct members of the system would be sufficient to cover the largest possible net debit position of a defaulting participant. However, the situation may not hold if the indirect effects of the defaults are taken into consideration, or if two participants default during the same payment cycle. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial institutions, Financial stability, Payment clearing and settlement systems JEL Code(s): E, E4, E47, G, G2, G21