Wade McMahon

Principal Analyst

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Wade McMahon

Principal Analyst
Financial Stability
Payment Systems Oversight

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

Latest

May 25, 2017 Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?

This report describes a joint endeavour between public and private sectors to explore a wholesale payment system based on distributed ledger technology (DLT). They find that a stand-alone DLT system is unlikely to be as beneficial as a centralized payment system in terms of core operating costs; however, it could increase financial system efficiency as a result of integration with the broader financial market infrastructure.

December 10, 2014 Cyber Security: Protecting the Resilience of Canada’s Financial System

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.

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Education

  • M.A. Simon Fraser University 

Research Interests

  • Financial market infrastructures
  • Central counterparties
  • Blockchain/Distributed Ledger

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