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May 24, 2017

Collaboration on the regulatory agenda

We help manage the benefits and risks of fintech and digital currencies at the international level through our work with the Financial Stability Board, the International Monetary Fund and the Bank for International Settlements.

What Explains Month-End Funding Pressure in Canada?

Staff discussion paper 2017-9 Christopher S. Sutherland
The Canadian overnight repo market persistently shows signs of latent funding pressure around month-end periods. Both the overnight repo rate and Bank of Canada liquidity provision tend to rise in these windows. This paper proposes three non-mutually exclusive hypotheses to explain this phenomenon.
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