Bank of Canada Warns of Risks Linked to Non-Bank Players in Debt Markets

Bank of Canada warns of risks linked to non-bank players in debt markets

Rise of non-bank players in debt markets creating new financial risks, Macklem says

Bank of Canada Governor says growing role of hedge funds, private credit creating vulnerabilities

Economic Uncertainty Must Not Become Market Instability: Macklem

The head of the Bank of Canada warns new players in global debt markets aren’t as closely monitored as traditional banks, which could drive new risks in a period rife with uncertainty. Governor Tiff Macklem was in Toronto on Mar. 2 speaking to the Global Risk Institute about where he sees vulnerabilities in the financial system. The United States’ and Israel’s attacks on Iran have increased volatility in financial and energy markets, he said in …