Canada’s Carney: new capital requirements needed
Continuously open funding markets and new bank capital requirements needed, said Mark Carney, the governor of the Bank of Canada, has devised five imperatives for a more resilient financial system.
The five were:
Continuously open funding markets Sustainable securitisation New bank capital requirements A macroprudential approach to regulation A system that can withstand failureCarney said core funding markets should be made more efficient and less susceptible to extreme price movements
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