Senior Regional Representative & Director (Financial Markets)
Miville Tremblay was appointed Senior Representative and Director of the Montréal Regional Office (Financial Markets) of the Bank of Canada in April 2002. In this capacity, Mr. Tremblay contributes to the Bank’s objectives of conducting monetary policy to achieve low, stable, and predictable inflation and of promoting well-functioning financial markets.
Mr. Tremblay leads a team that is responsible for building on the Bank’s strong relationship with the Montréal financial community. His team contributes to the Bank’s analysis on the evolution of financial markets, institutions, products, and regulations. Mr. Tremblay is a member of the Bank’s Monetary Policy Review Committee and Financial System Review Committee. He is also a member of the Bank’s Pension Fund Investment Committee.
In addition to his responsibilities at the Bank, Mr. Tremblay is Vice-Chair of the Accounting Standards Oversight Council.
A native of Chicoutimi, Quebec, Mr. Tremblay has an executive master of business administration from the Université du Québec à Montréal, a master’s degree in Public Policy Analysis from the Université Laval, and a bachelor’s degree in Political Science from McGill University. He also holds the designation of chartered financial analyst (CFA), and he is a former president of the Montréal CFA Society.
Mr. Tremblay joined the Bank from the Caisse de dépôt et placement du Québec in Montréal, where he was Director of Strategic Intelligence. He also worked for several years as a financial journalist, particularly for the daily newspaper La Presse, reporting on economic policies and financial markets. At the beginning of his career, he taught Canadian politics at the State University of New York.
Mr. Tremblay is the author of two books on finance and business and has received numerous distinctions, including the Atkinson Fellowship in Public Policy and the Prix du livre d’affaires PricewaterhouseCoopers.
The authors review the eight largest public pension funds in Canada. These funds are an important source of retirement income for Canadians. They are also significant investors, with net assets under management of over $1 trillion. The authors outline the investment strategies of the funds and how they interact with financial institutions and participate in financial markets. They also discuss the ways in which the funds’ risk-management frameworks could contribute to financial system stability and how they minimize potential vulnerabilities.