Bank of Canada building systems back-up outside Ottawa – annual report

Stephen Poloz
Stephen Poloz
Bank of Canada

The Bank of Canada devoted much of its resources in 2017 to overhauling technology, pursuing a medium-term plan that lists “reinventing central banking” among its aims.

One initiative focused on building the resilience of the central bank’s own systems and those of the financial sector, governor Stephen Poloz writes in the introduction. “Cyber risk is rapidly emerging as a top priority for the financial system,” he says.

The Bank of Canada has replicated its “mission-critical” systems outside

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