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Release of the Financial Stability Report

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: financial stability

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· Tiff Macklem Wiki · Bank of Canada WikiRelease of the Financial Stability Report

ContextOpening statement by Tiff Macklem, Governor of the Bank of Canada and Carolyn Rogers, Senior Deputy Governor of the Bank of Canada, at the press conference following the release of the Financial Stability Report, Ottawa, Ontario, 9 May 2024.

Why it mattersMacklem presents the stability report, with a focus on liquidity risks at non-banks.

Problems raised
  1. Market volatility has increased.
  2. Non-banks face liquidity risks.
  3. Stability must be preserved.
Solutions proposed
  1. Publish the Financial Stability Report.
  2. Focus on non-bank liquidity risks.
  3. Promote a stable financial system.
Read full speech on bis.org ↗

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