Philippe Muller

Senior Director

Philippe Muller was appointed Senior Director of the Financial Risk Office of the Bank’s Funds Management and Banking Department (FBD) in March 2014. The Financial Risk Office (FRO) comprises three functional groups: Credit Rating Assessment, Middle Office and Reporting, and Risk Modelling.

Mr. Muller joined the Bank in 1997 and has held various positions within the monetary policy, financial stability and funds-management functions, progressing from analyst roles to his current position as Director of FRO. He has developed expertise in the areas of monetary policy implementation, financial system soundness and efficiency, debt and treasury management, foreign exchange reserves management, and risk (treasury and credit) management. He holds a master of science degree in finance from HEC Montréal.

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Philippe Muller

Senior Director
Funds Management and Banking
Strategic Leadership

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9

Latest

Methodology for Assigning Credit Ratings to Sovereigns

Staff Discussion Paper 2017-7 Philippe Muller, Jérôme Bourque
The investment of foreign exchange reserves or other asset portfolios requires an assessment of the credit quality of investment counterparties. Traditionally, foreign exchange reserve and asset managers have relied on credit rating agencies (CRAs) as the main source for credit assessments.

Multilateral Development Bank Credit Rating Methodology: Overcoming the Challenges in Assessing Relative Credit Risk in Highly Rated Institutions Based on Public Data

Staff Discussion Paper 2017-6 David Xiao Chen, Philippe Muller, Hawa Wagué
The investment of foreign exchange reserves or other asset portfolios requires an assessment of the credit quality of counterparties. Traditionally, foreign exchange reserve managers and other investors have relied on credit rating agencies (CRAs) as the main source for credit assessments.

Greater Transparency in Monetary Policy: Impact on Financial Markets

Technical Report No. 86 Philippe Muller, Mark Zelmer
Measures have been taken by the Bank of Canada to increase the transparency of Canadian monetary policy. This paper examines whether the greater transparency has improved financial markets' understanding of the conduct of monetary policy.
Content Type(s): Technical Reports Topic(s): Financial markets, Monetary policy implementation JEL Code(s): E, E5, E52, E58, G, G1, G14

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