Financial institutions - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T12:11:17+00:00The Global Foreign Exchange Market: Growth and Transformation
https://www.bankofcanada.ca/wp-content/uploads/2010/06/barker.pdf
Barker examines changes in the foreign exchange market, which is in a period of transition. Since the mid-1990s, three closely inter-related and mutually reinforcing factors–electronic trading platforms, a changing mix of market participants, and computer-driven algorithmic trading strategies–have been accelerating market growth and are creating a profound structural transformation. As the balance of market participation shifts between bank and non-bank accounts, large and small participants, and domestic and global players, the market is adopting some of the characteristics of an "exchange" model and is arguably becoming more liquid and operationally efficient.2007-10-15T09:24:08+00:00enThe Global Foreign Exchange Market: Growth and Transformation2007-10-15Hedge Funds and Financial Stability: The State of the Debate
https://www.bankofcanada.ca/2007/09/discussion-paper-2007-9/
The authors review the state of the debate on hedge funds and the potential threat that hedge funds pose to financial stability. The collapse of a hedge fund or a group of hedge funds might pose a systemic risk directly by damaging systematically important financial institutions, or indirectly by increasing market volatility and generating a […]2007-09-18T16:14:07+00:00enHedge Funds and Financial Stability: The State of the Debate2007-09-18Financial institutionsFinancial stabilityFinancial system regulation and policiesDiscussion Paper 2007-9https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-9.pdfHedge Funds and Financial Stability: The State of the DebateMichael R. KingPhilipp MaierSeptember 2007GG1G15G18G2A Note on Contestability in the Canadian Banking Industry
https://www.bankofcanada.ca/2007/08/discussion-paper-2007-7/
The authors examine the degree of contestability in the Canadian banking system using the H-statistic proposed by Panzar and Rosse (1987) and modified by Bikker, Spierdijk, and Finnie (2006). A modification is necessary because the standard approach of controlling for size using total assets leads to an upward bias in the H-statistic. The authors propose […]2007-08-13T16:11:00+00:00enA Note on Contestability in the Canadian Banking Industry2007-08-13Financial institutionsDiscussion Paper 2007-7https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-7.pdfA Note on Contestability in the Canadian Banking IndustryJason AllenYing LiuAugust 2007GG2G21LL1L11Efficiency and Competition in Canadian Banking
https://www.bankofcanada.ca/wp-content/uploads/2010/06/allen-engert.pdf
Allen and Engert report on recent research at the Bank of Canada on various aspects of efficiency in the Canadian banking industry. This research suggests that, overall, Canadian banks appear to be relatively efficient producers of financial services and they do not exercise monopoly or collusive-oligopoly power. The authors note the value of continuing to investigate opportunities to improve efficiency and competition in financial services in Canada.2007-06-14T10:50:01+00:00enEfficiency and Competition in Canadian Banking2007-06-14Unanticipated Defaults and Losses in Canada's Large-Value Payments System, Revisited
https://www.bankofcanada.ca/2007/06/discussion-paper-2007-5/
Recent work at the Bank of Canada studied the impact of default in Canada’s large-value payments system, and concluded that participants could readily manage their potential losses (McVanel 2005). In an extension of that work, the authors use a much larger set of daily payments data – with three times as many observations – to […]2007-06-13T09:41:43+00:00enUnanticipated Defaults and Losses in Canada's Large-Value Payments System, Revisited2007-06-13Financial institutionsPayment clearing and settlement systemsDiscussion Paper 2007-5https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-5.pdfUnanticipated Defaults and Losses in Canada’s Large-Value Payments System, RevisitedDevin BallWalter EngertJune 2007EE4E44E47GG2G21Vulnerabilities in Defined-Benefit Pension Plans
https://www.bankofcanada.ca/2007/05/discussion-paper-2007-3/
An effective pension system enhances economic and financial efficiency. A majority of pension plans in Canada are defined-benefit (DB) plans, but DB plans are under stress from increasing longevity, low long-term interest rates, and the shrinking equity premium. DB plans are vulnerable to such shocks because they are complex financial vehicles, with interdependencies not fully […]2007-05-11T11:03:05+00:00enVulnerabilities in Defined-Benefit Pension Plans2007-05-11Financial institutionsDiscussion Paper 2007-3https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-3.pdfVulnerabilities in Defined-Benefit Pension PlansJack SelodyMay 2007GG2G23Implications of New Accounting Standards for the Bank of Canada's Balance Sheet
https://www.bankofcanada.ca/2007/05/discussion-paper-2007-2/
The Canadian Institute of Chartered Accountants (CICA) has implemented new accounting standards for the valuation and reporting of financial instruments. They are effective for the Bank of Canada in 2007. As a result of these changes, the Bank has begun valuing its holdings of Government of Canada treasury bills on a fair value basis and […]2007-05-07T14:24:07+00:00enImplications of New Accounting Standards for the Bank of Canada's Balance Sheet2007-05-07Financial institutionsMonetary policy frameworkDiscussion Paper 2007-2https://www.bankofcanada.ca/wp-content/uploads/2010/01/dp07-2-e.pdfImplications of New Accounting Standards for the Bank of Canada’s Balance SheetMark ZelmerGrahame JohnsonMay 2007EE5E58MM4The Large-Value Payments System: Insights from Selected Bank of Canada Research
https://www.bankofcanada.ca/wp-content/uploads/2010/06/engert.pdf
Given the Bank of Canada's strong interest in the safe and efficient operation of major clearing and settlement systems, the Bank maintains a rigorous research agenda as a means of informing payments system policy and oversight. In this article, Arjani and Engert review recent research undertaken by Bank staff concerning the risk and efficiency of the Large Value Transfer System (LVTS). Based on the findings from this research, the authors conclude that the design of the LVTS strikes an effective balance between risk and efficiency. The article also demonstrates the increased use of simulation analysis as a tool for conducting payments system research. A brief summary of the Bank's oversight strategy for systemically important payments systems is also provided. Goals for future research are noted as well, including modelling of participant behaviour and continued external collaboration with other researchers.2007-04-13T09:55:29+00:00enThe Large-Value Payments System: Insights from Selected Bank of Canada Research2007-04-13Best Instruments for Market Discipline in Banking
https://www.bankofcanada.ca/2007/02/working-paper-2007-9/
The author develops a dynamic model of banking competition to determine which capital instrument is most effective in disciplining banks' risk choice. Comparisons are conducted between equity, subordinated debentures (SD), and uninsured deposits (UD) as funding sources.2007-02-09T11:19:52+00:00enBest Instruments for Market Discipline in Banking2007-02-09Financial institutionsWorking Paper 2007-9 https://www.bankofcanada.ca/wp-content/uploads/2010/03/wp07-9.pdfBest Instruments for Market Discipline in BankingGreg CaldwellFebruary 2007GG2G21G28