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Russell Barnett

Russell Barnett was appointed Managing Director of the Bank’s Financial Stability Department (FSD), effective March 25, 2024.
Department(s): Financial Stability
May 14, 2015

The “Bank” at the Bank of Canada

In this article, we describe the various types of banking services (payments, settlement and safekeeping) that the Bank of Canada provides to different types of clients (the Government of Canada, financial market infrastructures, financial institutions, foreign central banks and the Canada Deposit Insurance Corporation). We also explain the reasons the Bank provides these services and how this role supports its core mandates, in particular financial stability. Finally, we explore the factors driving the growth and evolution in the provision of these banking services.
Content Type(s): Publications, Bank of Canada Review articles JEL Code(s): E, E5, E50, G, G2, G20
May 28, 1998

Opening Statement before the House of Commons Standing Committee on Finance

Opening statement Gordon Thiessen House of Commons Standing Committee on Finance
Mr. Chairman, my colleagues and I are pleased to appear before your committee on a regular basis following the release of the Bank of Canada's Monetary Policy Report. It gives us a chance to discuss with you a range of economic and monetary issues. More generally, our semi-annual Report and sessions such as this one […]
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