Let me give you an example of the kind of risk that’s worth watching. At the global level, institutional funds are growing. This includes funds, such as open-ended mutual funds and some exchange-traded funds (ETFs), where investors can sell or redeem their investment on short notice. This can be the case even if the assets held by the funds are relatively illiquid.
Agathe Côté: Strengthening financial infrastructure – the new Canadian central counterparty Remarks by Ms Agathe Côté, Deputy Governor of the Bank of Canada, to the Association of Quebec Women in Finance, Montréal, Quebec, 14 June 2012 *  *  *  It gives me great pleasure to address the Association of Quebec Women in Finance.