December 10, 2014 Cyber Security: Protecting the Resilience of Canada’s Financial System Financial System Review - December 2014 Harold Gallagher, Wade McMahon, Ron Morrow Harold Gallagher, Wade McMahon and Ron Morrow examine the various sources of cyber attacks and their potential for systemic risk. Against this background, the report highlights efforts being made to protect against cyber-security threats, including individual and collective actions by financial institutions and financial market infrastructures, as well as initiatives by international organizations, regulatory authorities and governments. The authors then describe the coordination, under the Joint Operational Resilience Management program, of private and public sector actions in Canada for managing and testing capabilities during severe operational events such as cyber attacks. Content Type(s): Publications, Financial System Review articles Topic(s): Financial stability, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): G, G2, G20, G23, G28
December 10, 2014 Financial System Review - December 2014 The Reports section of the Financial System Review examines selected issues of relevance to the Canadian and global financial systems. The December 2014 issue features two reports on important developments in the financial system: rapid growth and innovation in the market for exchange-traded funds, and the increasing significance of cyber attacks to the operational resilience of financial institutions and financial market infrastructures. Content Type(s): Publications, Financial Stability Report
December 5, 2014 Weekly Financial Statistics - 5 December 2014 Content Type(s): Publications, Historical: Weekly Financial Statistics
December 5, 2014 Bank of Canada invites Canadians to propose design ideas for a bank note marking Canada’s 150th anniversary Media Relations Ottawa, Ontario The Bank of Canada is inviting Canadians to propose ideas for the design of a new bank note to celebrate the 150th anniversary of Confederation in 2017. Content Type(s): Press, Press releases Topic(s): Bank notes
The Impact of U.S. Monetary Policy Normalization on Capital Flows to Emerging-Market Economies Staff Working Paper 2014-53 Tatjana Dahlhaus, Garima Vasishtha The Federal Reserve’s path for withdrawal of monetary stimulus and eventually increasing interest rates could have substantial repercussions for capital flows to emerging-market economies (EMEs). Content Type(s): Staff research, Staff working papers Topic(s): International topics, Monetary policy transmission JEL Code(s): C, C3, C32, E, E5, E52, F, F3, F33, F4, F42