Bio
Ron Morrow was appointed Executive Director – Supervision, effective January 3, 2023.
In this role, Mr. Morrow is responsible for the supervision of retail payment service providers (PSPs) and the oversight of Financial Market Infrastructures (FMIs).
The Bank’s supervision of PSPs is focused on building Canadians’ confidence in the safety and reliability of their services while protecting end users from specific risks. The Executive Director also serves as an independent reviewer of enforcement actions initiated by RPS staff and advises the Governor of the Bank of Canada on the evolution of risks related to PSPs and the retail payments landscape.
The Bank’s oversight of FMIs is focused on ensuring that Canada’s critical financial infrastructures, which includes payment systems, central counterparties, and securities settlement systems, are resilient to a wide range of risks.
Mr. Morrow first joined the Bank in 1992 and has worked in several different areas across the Bank’s monetary policy, financial stability, and funds management functions. In 2010, he became Managing Director of the Funds Management and Banking Department, then Managing Director of the Financial Stability Department in 2013. Mr. Morrow became an Advisor to the Governor in 2018, focusing on advancing the Bank’s strategic objectives related to retail payments, financial market infrastructure issues, and the efficiency of the Canadian financial system.
Born in Thunder Bay, Ontario, Mr. Morrow received an honours bachelor of arts degree in economics, with a minor in mathematics, from the University of Waterloo. He also holds a master’s degree in economics from Queen’s University.