Guillaume Bédard-Pagé




Guillaume Bédard-Pagé is Director of the Financial Market Data Analytics division in the Bank of Canada’s Financial Markets Department. In this capacity, he leads a team responsible for designing and deploying advanced analytics that accelerate and enhance the department’s use of data-driven intelligence in its policy, research and market operations.

Guillaume previously led a team conducting analysis and research on financial markets to identify risks and vulnerabilities that could have implications for the financial system or the macro economy. He is a financial stability expert with specific knowledge of financial institutions, shadow banking, institutional investors and stress testing methods. He also represents the Bank on international working groups.

A native of Quebec city, Guillaume holds a M.Sc. in Finance from Laval University and the CFA designation.

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Staff Analytical Notes

Could Canadian Bond Funds Add Stress to the Financial System?

We create a hypothetical scenario to study the role bond funds play in intensifying shocks to the financial system. Using data from 2018 and 2007, we find that bond funds play a larger role now than they did in the past.
Content Type(s): Staff Research, Staff Analytical Notes Topic(s): Financial markets, Financial stability JEL Code(s): G, G1, G2, G20, G23

Staff Discussion Papers

Non-Bank Financial Intermediation in Canada: An Update

Staff Discussion Paper 2019-2 Guillaume Bédard-Pagé
Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not prudentially regulated.