Canada’s Côté talks shadow-banking regulation
Agathe Côté, a deputy governor at the Bank of Canada, on Tuesday examined the potential risks associated with shadow banking, or market-based financing, and discussed policy options being considered by regulators to address risks emerging from the sector.
At the Financial Markets Association of Canada in Toronto, Canada, Côté said: "Throughout the global financial crisis, Canada's financial system showed its strength and resilience. Nonetheless, an important lesson from the non-bank asset-backed
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