Ron Morrow - Latest

• November 28, 2023

  Moving money with confidence: Canada’s new regime for retail payments supervision

  Remarks Ron Morrow Central 1 Momentum Summit Vancouver, British Columbia

  Executive Director of Supervision Ron Morrow discusses the creation and coming into force of a new supervision regime to oversee retail payments.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Retail payments supervision

• Reviewing Canada’s Monetary Policy Implementation System: Does the Evolving Environment Support Maintaining a Floor System?

  Staff Discussion Paper 2023-10 Toni Gravelle, Ron Morrow, Jonathan Witmer

  At the onset of the pandemic, the Bank of Canada transitioned its framework for monetary policy implementation from a corridor system to a floor system, which it has since decided to maintain. We provide a comprehensive analysis of both frameworks and assess their relative merits based on five key criteria that define a sound framework.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Market structure and pricing, Monetary policy implementation, Payment clearing and settlement systems JEL Code(s): D, D4, D47, E, E4, E42, E5, E58
• November 2, 2022

  Keeping up with changes in how Canadians pay

  Speech summary Ron Morrow Canadian Innovation Exchange Summit Toronto, Ontario

  Executive Director of Retail Payments Supervision Ron Morrow discusses how the Bank of Canada is taking on new responsibilities to help protect consumers when they pay for things.

  Content Type(s): Press, Speeches and appearances, Speech summaries Topic(s): Retail payments supervision
• November 2, 2022

  Preparing for payments supervision

  Remarks Ron Morrow Canadian Innovation Exchange Summit Toronto, Ontario

  Ron Morrow, Executive Director of Retail Payments Supervision, discusses the Bank’s new mandate and what the future holds for payment service providers.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Retail payments supervision
• November 2, 2022

  Speech: The Canadian Innovation Exchange (CIX) Summit 2022

  

  

  Preparing for Payments Supervision — Executive Director, Ron Morrow speaks at The Canadian Innovation Exchange (CIX) Summit 2022 (11:30 (ET) approx.).

  Content Type(s): Press, Speeches and appearances, Webcasts Topic(s): Retail payments supervision
• December 10, 2014

  Cyber Security: Protecting the Resilience of Canada’s Financial System

  Financial System Review - December 2014 Harold Gallagher, Wade McMahon, Ron Morrow

  Harold Gallagher, Wade McMahon and Ron Morrow examine the various sources of cyber attacks and their potential for systemic risk. Against this background, the report highlights efforts being made to protect against cyber-security threats, including individual and collective actions by financial institutions and financial market infrastructures, as well as initiatives by international organizations, regulatory authorities and governments. The authors then describe the coordination, under the Joint Operational Resilience Management program, of private and public sector actions in Canada for managing and testing capabilities during severe operational events such as cyber attacks.

  Content Type(s): Publications, Financial System Review articles Topic(s): Financial stability, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): G, G2, G20, G23, G28
• November 16, 2000

  Credit Derivatives

  Bank of Canada Review - Autumn 2000 John Kiff, Ron Morrow

  Credit derivatives are a useful tool for lenders who want to reduce their exposure to a particular borrower but are unwilling to sell their claims on that borrower. Without actually transferring ownership of the underlying assets, these contracts transfer risk from one counterparty to another. Commercial banks are the major participants in this growing market, using these transactions to diversify their portfolios of loans and other risky assets. The authors examine the size and workings of this relatively new market and discuss the potential of these transactions for distorting existing incentives for risk management and risk monitoring.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Credit and credit aggregates, Financial markets, Market structure and pricing
• November 19, 1998

  Pilot Repurchase Operation Call for Tenders

  Ron Morrow

  The following pilot repurchase operation will be conducted by the Bank of Canada on behalf of the Government of Canada, subject to the "Standard Terms for Repurchase Operations of Government of Canada Marketable Bonds."

  Content Type(s): Press, Press releases
• December 7, 1994

  Repo, reverse repo and securities lending markets in Canada

  Bank of Canada Review - Winter 1994-1995 Ron Morrow

  Repurchase agreements (repos), reverse repos and securities lending markets permit a variety of institutions to conduct a broad range of financial transactions efficiently. In addition, they allow financial market participants to augment the returns on their cash holdings and securities portfolios. Canadian repo and securities lending markets have grown rapidly in recent years, following the expansion of such markets in major financial centres around the world; the volume of transactions in Canada now averages between $35 billion and $50 billion per day. The author notes that structural and regulatory changes in Canada have played important roles in promoting this growth. The vast majority of repo and securities lending transactions involve securities issued by the Government of Canada—principally Government of Canada bonds.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Financial markets