Bank of Canada’s Response to the Financial Market Turmoil. Conference on Business, Banking, and Finance 28-29 May 2009. Ron Allenby, Assistant Director Financial Markets Department Bank of Canada.
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Conference on Business, Banking, and Finance
28-29 May 2009
Ron Allenby, Assistant Director
Financial Markets Department
Bank of Canada
* The views expressed here are my own, and do not necessarily reflect the views of the Bank's Governing Council.
Globally, banks are affected
Importance of Liquidity:
Emergency Lending Assistance (restricted to core financial institutions, broad collateral)
Margins of Change to Liquidity Framework:
Evolution of the Liquidity Framework
Bank funding costs have declined
Principles of Intervention:
Principles of Intervention, continued:
Source: Bank of Canada