Is the Bank of Canada Buying Directly From the Treasury?

Josh Galper is the managing principal at Finadium, an independent consultancy in capital markets, and is deep in the trenches of the money markets, as well as the financial regulatory space. As a returning guest to the podcast, Josh rejoins Macro Musings to talk about some of the big changes we might see in financial regulation, especially as it relates to climate issues under the new Biden administration. David and Josh also discuss the prospects of negative interest rates in the US, the influence of the Financial Stability Board, and how to deal with Treasury and repo market stress in the future.

Transcript for the episode can be found here.

Josh’s Twitter: @Finadium

Josh’s Finadium profile: https://finadium.com/josh-galper-mba/

Related Links:

*Fed Joins Central Bankers Backing Paris Climate Goals* by Martin Arnold

https://www.ft.com/content/008a12d2-7736-4db0-af9c-e063a0bcdd7a

*Managing Climate Risk in the U.S. Financial System* by the Climate Market Risk Subcommittee, Mark Risk Advisory Committee of the CFTC

https://www.cftc.gov/sites/default/files/2020-09/9-9-20%20Report%20of%20the%20Subcommittee%20on%20Climate-Related%20Market%20Risk%20-%20Managing%20Climate%20Risk%20in%20the%20U.S.%20Financial%20System%20for%20posting.pdf

*Fixing Financial Data to Assess Systemic Risk* by Greg Feldberg

https://www.brookings.edu/research/fixing-financial-data-to-assess-systemic-risk/

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth