
Bio
Christopher Reid is a Senior Director of Financial Stability Oversight in the Financial Stability Department (FSD) in charge of FMI oversight. He oversees the Payment System Division, the Retail Payments Division, the Market Infrastructure Division, and the Resolution and Crisis Preparedness Division. Chris first joined the Bank in 1999 as an Economist in the International department, and has since held increasingly senior positions in the Financial Market Department and the Financial Stability Department. He also worked as a member of the secretariat of the Financial Stability Board in Basel Switzerland from 2012-2016, supporting the work of the Standing Committee on the Assessment of Vulnerabilities (SCAV).
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Staff working papers
Bank publications
Bank of Canada Review articles
April 14, 2007
The Canadian Overnight Market: Recent Evolution and Structural Changes
Since 1997 when the Bank of Canada last published a review of the Canadian overnight market, several important changes have affected the market's structure and dynamics. Reid provides a current overview of the market, examining the financial instruments, market transparency and flows, and the collateralized overnight rate as it has evolved since the introduction of the Large Value Transfer System and the fixed announcement dates. Other significant influences include changes in market practices regarding risk management, the rise of securities lending, the increased demand for collateral, and the Bank of Canada's measures to reinforce the target for the overnight rate.
November 23, 2004