publication . Article . 2002

Risk Management in the Exchange Fund Account

Michel Rochette;
Open Access
  • Published: 01 Jan 2002 Journal: Bank of Canada Review, volume 2001-2002, issue Winter, pages 27-36
In this article, author Michel Rochette of the Bank's Risk-Management Unit briefly describes the initiatives undertaken to identify, analyze, model, and manage the principal risks inherent in the transactions of the Exchange Fund Account (EFA), where the international reserves of the federal government are held. The author focuses on five types of risk: credit risk, market risk, liquidity risk, operational risk, and legal risk. In addition, the author presents the risk-management principles underlying the activities of the EFA and the governance structure of the Account.
Medical Subject Headings: health care economics and organizations

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