Give Canadian CB more say on collateral: Carney

Mark Carney, the governor of the Bank of Canada, urged lawmakers to allow the central bank to broaden its list of eligible collateral to alleviate money-market tensions.

The Federal Reserve and the Bank of England have widened collateral requirements to include assets such as highly-rated mortgage-backed securities in an attempt to diffuse stress in interbank markets caused by a shortage of liquidity. The European Central Bank (ECB) has always accepted a broad list of collateral, including mo

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