Stephen S Poloz: Launch of new $ note Remarks by Mr Stephen S Poloz, Governor of the Bank of Canada, at the launch of the new $ note, Winnipeg, Manitoba, 19 November 2018. * * * We are here today to celebrate the end of a long journey. A Canadian journey. Today, we celebrate the launch of this incredible new $ note.
They prevent local crises from becoming systemic: for example, banks can be recapitalised through the U.S. Treasury and resolved through the Federal Deposit Insurance Corporation. In Europe we need to look to the U.S. for inspiration in this area. This is why I have called for a European bank resolution authority. Is the ECB’s response to the crisis swamping the world with liquidity?