Natasha Khan - Bank Publications

• Potential benefits and key risks of fiat-referenced cryptoassets

  Staff Analytical Note 2022-20 Hugh Ding, Natasha Khan, Bena Lands, Cameron MacDonald, Laura Zhao

  Cryptoassets that reference a national currency (commonly known as stablecoins) aim to peg their value to the reference currency and typically use a reserve of traditional financial assets to maintain the peg. The market value of these fiat-referenced cryptoassets has grown more than thirtyfold between early 2020 and mid-2022. We explore some of their potential benefits and key risks.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Digital currencies and fintech, Financial institutions, Financial markets, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, G, G2, G28, L, O, O3
• November 17, 2016

  Recent Changes to the Bank of Canada’s Emergency Lending Assistance Policy

  Bank of Canada Review - Autumn 2016 Christopher Graham, Natasha Khan, Alexandra Lai

  Emergency Lending Assistance (ELA) is a discretionary last-resort collateralized loan or ad-vance by the Bank of Canada to eligible financial institutions (FIs) and financial market infrastructures (FMIs) facing serious liquidity problems. In December 2015, the Bank revised its ELA policy to (i) replace the requirement for an FI’s solvency with the requirement for a credible recovery and resolution framework; (ii) include mortgages as eligible collateral; and (iii) clarify both the eligibility requirements for FMIs and provincially regulated deposit-taking FIs.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial stability, Financial system regulation and policies, Lender of last resort JEL Code(s): E, E5, E58, G, G0, G01, G2
• December 8, 2011

  Strengthening Bank Management of Liquidity Risk: The Basel III Liquidity Standards

  Financial System Review - December 2011 Natasha Khan, Tamara Gomes

  Content Type(s): Publications, Financial System Review articles
• December 21, 2007

  Developments in Processing Over-the-Counter Derivatives

  Financial System Review - December 2007 Natasha Khan

  Content Type(s): Publications, Financial System Review articles
• June 21, 2007

  The Impact of Electronic Trading Platforms on the Brokered Interdealer Market for Government of Canada Benchmark Bonds

  Financial System Review - June 2007 Natasha Khan

  Content Type(s): Publications, Financial System Review articles

• Impact of Electronic Trading Platforms on the Brokered Interdealer Market for Government of Canada Benchmark Bonds

  Staff Working Paper 2007-5 Natasha Khan

  This study examines the impact of increased transparency, brought about by the introduction of three electronic trading systems, on the brokered interdealer market for Government of Canada benchmark securities. Using the CanPX dataset for the 2-, 5-, 10-, and 30-year benchmarks, the paper finds some evidence of decreased bid-ask spreads for the 30-year benchmark in the months following the introduction of the electronic platforms.

  Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Market structure and pricing JEL Code(s): G, G1, G10, G14