Christian Bélisle is Director of Payment and Settlement Operations in the Funds Management and Banking Department. In this role, he is part of the team that settles the domestic and foreign financial transactions, and maintains relations with foreign central bank clients. Mr. Bélisle has extensive experience in the financial transactions at the Bank of Canada from the front, middle, and back-office. He holds a Master Degree in economics from the Université du Québec à Montréal.
In this article, we describe the various types of banking services (payments, settlement and safekeeping) that the Bank of Canada provides to different types of clients (the Government of Canada, financial market infrastructures, financial institutions, foreign central banks and the Canada Deposit Insurance Corporation). We also explain the reasons the Bank provides these services and how this role supports its core mandates, in particular financial stability. Finally, we explore the factors driving the growth and evolution in the provision of these banking services.