Mervin Merkowsky


Mervin Merkowsky is a Director in the Funds Management and Banking Department of the Bank of Canada.


Mervin Merkowsky

Funds Management and Banking
Debt Management

Bank of Canada
234 Wellington Street
Ottawa, ON, K1A 0G9


November 19, 2015

Recent Enhancements to the Management of Canada’s Foreign Exchange Reserves

As the size and complexity of the foreign exchange reserves have grown over the years, enhancements to the management framework needed to keep pace. This is a common theme for most reserve managers around the world. In Canada, the enhancements focused on governance, portfolio management, risk measurement and risk management. This article briefly describes these enhancements, why they were implemented and some of the lessons learned along the way.

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