Bank of Canada Address on Shadow Banking

Media Advisory

Toronto, Ontario, CANADA


TORONTO, June 20, 2013 (GLOBE NEWSWIRE) -- As they strive to understand emerging risks, benefits and opportunities present following the subprime calamity of 2008, shadow banking has been targeted for increased scrutiny among regulators and market stakeholders. The Financial Stability Board has launched, and the G-20 endorsed, a comprehensive reform of the oversight and regulation of shadow banking. Deputy Governor Timothy Lane will share a central-bank perspective on this important issue with CFA Society Toronto.

Media passes available on request.

When: Wednesday June 26, 2013
  12:00PM- 2:00PM
   
Where: Toronto Board of Trade
  First Canadian Place, 4th Floor, Ballroom
   Toronto, ON


Speaker Bio

Timothy Lane

Deputy Governor Bank of Canada
 
Timothy Lane was appointed Deputy Governor of the Bank of Canada in February 2009. He is one of two deputy governors responsible for overseeing the Bank's analysis and activities in promoting a stable and efficient financial system. As a member of the Bank's Governing Council, he shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.

Mr. Lane joined the Bank of Canada in 2008 as an Adviser to the Governor. Prior to that, he served for 20 years on the staff of the International Monetary Fund (IMF) in Washington, DC. He has undertaken research on a wide range of topics, including monetary policy, financial crises, IMF reform, and economic transition.

For a full bio please click here
Media passes
Interviews will be granted depending on availability and by appointment only.

For Media Passes                                                    
Dawn Wong
CFA Society Toronto
416-366-5755 X 226
E-mail: dawn.wong@cfatoronto.ca                                       

For Interviews
Alexandre Deslongchamps
Bank of Canada - Banque du Canada
613-782-7918
E-mail: desr@bankofcanada.ca

About CFA Society Toronto

CFA Society Toronto supports the professional and business development of more than 8,000 CFA charterholders in Toronto, making it the second largest CFA Society in the world. It provides members with a local perspective on a global designation, including: educational programs, sponsored events, job postings, quarterly newsletters, a comprehensive affinity program and networking opportunities. A not-for-profit organization, CFA Society Toronto is affiliated with CFA Institute, the global body that administers the Chartered Financial Analyst curriculum and sets voluntary, ethics-based performance-reporting standards for the investment industry. CFA Society Toronto's members are leaders in ethics in the financial community. For more information, please refer to www.cfatoronto.ca
 
About The Bank of Canada

The Bank of Canada is the country's central bank. Its mandate is to promote Canada's economic and financial well-being. It pursues this objective by keeping inflation low, stable, and predictable, supplying quality bank notes that are readily accepted and secure against counterfeiting; promoting the safety and efficiency of Canada's financial system; and providing efficient and effective funds-management services for the federal government.

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=19446


        
Governor

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