Financial Intermediation and Fire Sales with Liquidity Risk Pricing Staff Working Paper 2024-18 Yuteng Cheng, Roberto Robatto We provide a theory of fire sales in which potential buyers are subject to liquidity shocks and frictions that limit their ability to resell assets. Viewed through the lens of the model, the liquidity requirements proposed by the U. S. Securities and Exchange Commission for these intermediaries could hurt the economy. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Financial markets, Financial system regulation and policies JEL Code(s): G, G1, G12, G2, G23, G28
May 24, 2024 Quarterly Financial Report - First Quarter 2024 Quarterly Financial Report - First Quarter 2024 - For the period ended March 31, 2024 Content Type(s): Publications, Quarterly Financial Report
May 22, 2024 Retail payments supervision consultation We want to hear from you. Review our draft supervisory guidelines and find out how to provide your feedback.
May 22, 2024 Retail payments supervision: Supervisory policies and guidelines Access all supervisory policies and guidelines on registration and supervision related to the Retail Payment Activities Act and the Retail Payment Activities Regulations.
May 22, 2024 Retail payments supervision: Key milestones Get an overview of what to expect as we prepare for the implementation of the Retail Payment Activities Act.
May 21, 2024 CARR Meeting (May 21, 2024) Content Type(s): Meetings Source(s): Canadian Alternative Reference Rate Working Group
May 21, 2024 Bank of Canada Museum announces 2024 recipients of its Award for Excellence in Teaching Economics Media Relations Ottawa, Ontario The Bank of Canada Museum is honouring two outstanding educators for their exceptional work teaching students about the economy. Content Type(s): Press, Press releases
May 16, 2024 CIMPA Meeting (May 16, 2024) Content Type(s): Meetings Source(s): Collateral Infrastructure and Market Practices Advisory Group