Charles Freedman

Former Deputy Governor (1988 - 2003)



Mr. Freedman served as a Deputy Governor of the Bank of Canada from September 1988 until his retirement from the Bank in September 2003. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

Mr. Freedman joined the Bank of Canada’s Research Department in 1974. In 1978, he became Deputy Chief of the Department of Monetary and Financial Analysis and was named Chief of the department in 1979. He was appointed Adviser to the Governor in 1984.

Mr. Freedman was born in Toronto, Ontario. In 1963, he graduated from the University of Toronto with a bachelor of commerce degree, winning the Governor General’s Silver Medal. He then attended Oxford University on a Commonwealth Scholarship and received a bachelor of arts degree with honours. In 1970, he graduated from the Massachusetts Institute of Technology with a PhD in economics.

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Technical Reports

The Regulation of Central Securities Depositories and the Linkages between CSDs and Large-Value Payment Systems

Technical Report No. 87 Charles Freedman
This paper first describes the Bank of Canada's approach to the design of large-value clearing and settlement systems. It then examines the way the Bank has operated under the Payment Clearing and Settlement Act, passed by Parliament in July 1996.

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