May 26, 2010 Clearing and Settlement Systems Here are the agencies and initiatives that help ensure the integrity and stability of the financial system and allow market participants to comply with mandated clearing requirements.
May 26, 2010 Payment systems the Bank of Canada oversees Learn what a payment system is, how payments are processed and how the payment system is being modernized.
May 26, 2010 Lender of last resort The Bank of Canada, as Canada's central bank, is the ultimate source of liquid funds to the financial system. Learn about this role, known as “lender of last resort".
May 26, 2010 Regulatory oversight of designated clearing and settlement systems Learn about the Bank’s role in overseeing financial market infrastructure (FMIs), its oversight responsibilities and powers under Canada’s Payment Clearing and Settlement Act, and which FMIs are considered systemically important.
May 26, 2010 Financial system Canada's financial system consists of financial institutions, such as banks and credit unions; the financial markets; and payments systems.
May 26, 2010 Senate Committee on National Finance Opening statement Pierre Duguay Senate Committee on National Finance Ottawa, Ontario At year-end 2009, there were 1.8 billion bank notes in circulation, with a total value of $55.5 billion – approximately $1,630 per Canadian. The Bank of Canada is not responsible for coins. Decisions on coinage rest with the federal government, in particular, the Department of Finance, and with the Royal Canadian Mint. Content Type(s): Press, Speeches and appearances, Opening statements
May 26, 2010 Selected media activities Access links to media activities by the Governor, Senior Deputy Governor and Deputy Governors.
May 26, 2010 Media contacts Our consultants are available from 08:30 to 17:00 ET, Monday to Friday. We will normally reply to all media calls and emails within four hours.