November 14, 2013
Bank of Canada Review articles
Financial System Review articles
June 12, 2014
Reforming Financial Benchmarks: An International PerspectiveThomas Thorn and Harri Vikstedt examine the efforts being taken internationally and in Canada to enhance the governance and integrity of financial benchmarks. The report provides an overview of how interbank interest rate benchmarks are set and describes the weaknesses in the process that were exposed by the financial crisis. It also explains recent policy developments designed to make global and Canadian interbank benchmarks more robust.
December 10, 2013