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Jack Selody

Toronto, Canada
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Adviser to the Governor, Bank of Canada (2003-10)

Chief of the Bank’s Department of Financial and Monetary Analysis (1996-2003)

Expert on the financial sector in Canada

Jack Selody is a Canadian economist and financial adviser who worked for over three decades at the Bank of Canada, holding a wide variety of positions on the financial stability and monetary policy sides of the institution.

He is currently Director of the Toronto office of Promontory, a financial services company, where he advises clients on regulatory and strategic matters related to systemic risk, including regulatory compliance, corporate structure and crisis management.

As Adviser to the Governor at the Bank of Canada, he dealt with systemic risk, helping shape the bank’s focus on improving critical financial-market infrastructure to ensure the bank’s continuous functioning during a systemic crisis. He also helped update the bank’s lender-of-last-resort procedures and tools in response to the 2008 financial crisis.

Prior to that appointment, Jack led what is now the Financial Stability Department of the Bank, which included responsibility for research and analysis of financial system issues, oversight of systemically important payments, clearing and settlement systems and the collection of financial data from institutions. Jack also served as Chief Economic Forecaster at the bank, and was responsible for macroeconomic model development. After leaving the Bank, Jack focused on helping financial institutions contend with the new regulatory initiatives aimed at reducing systemic risk.

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Our Comment

"Jack is an expert central banker who frequently provides commentary to Canadian and international media, focusing on how to improve the functioning of the Canadian financial system. At the Bank of Canada, he served most recently under the leadership of Mark Carney, who in November 2012 was appointed to succeed Mervyn King as Governor of the Bank of England."

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