Liquid Markets for a Solid Economy - Senior Deputy Governor Carolyn Wilkins speaks before the Board of Trade of Metropolitan Montréal (12:45 (ET) approx.)
May 5, 2015 Senior Deputy Governor Wilkins discusses funding and market liquidity, and announces consultations on the Bank’s market operations and emergency lending frameworks.
May 5, 2015The Bank of Canada undertook public consultations to update its framework for financial market operations and its emergency lending policies to reflect the evolution of the Canadian financial system and lessons learned globally during the 2007–09 financial crisis. As part of the public consultations, the Bank released two consultation papers that proposed several changes to its market operations and to its Emergency Lending Assistance (ELA) policies. The comment period for the consultations ended on 4 July 2015.