Bank of Canada - Annual Report 2008

Structural changes to markets will be needed to restore confidence, said Mark Carney, the governor of the Bank of Canada, in the latest Annual Report.

Carney said that these changes included greater use of clearing houses, standardisation of margining, and changes in the scale and frequency of central-bank liquidity operations.

He also said that the focus must be on macroprudential surveillance and macroprudential regulation. He said that central banks, with their economy-wide perspective, were

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