Timothy Lane, a deputy governor at the Bank of Canada, on Monday outlined some possible unintended consequences of the G-20 reforms on central counterparties (CCPs) and how the measures have influenced plans to create a new CCP in Canada.
At the Society for Worldwide Interbank Financial Telecommunication Annual Sibos Conference in Toronto, Ontario, Lane said: "The [central bank] supports the objectives of the G-20 reform agenda. Reform is critical if we are to prevent a crisis similar to that of
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