Markets are constantly evolving in response to new technologies, new regulations and new opportunities. One of the Bank of Canada’s responsibilities is monitoring the health and stability of markets and the overall financial system. Deputy Governor Lynn Patterson will discuss how the Bank gathers intelligence to keep abreast of changes to market structure, assess emerging risks, identify vulnerabilities and gain a better understanding of how market participants are responding to regulatory changes.
Lynn Patterson was appointed Deputy Governor, effective May 2014. In this capacity, she is one of two deputy governors responsible for overseeing the Bank’s analysis and activities in promoting a stable and efficient financial system. As a member of the Bank’s Governing Council, she shares responsibility for decisions with respect to monetary policy and financial system stability, and for setting the strategic direction of the Bank.
Before her appointment, Ms. Patterson served as Special Adviser to the Governor and Senior Representative (Financial Markets) at the Bank’s Toronto Regional Office, a position to which she was appointed in June 2013.
Ms. Patterson has an honours degree in Business Administration from the University of Western Ontario and is a Chartered Financial Analyst. Ms. Patterson has more than 25 years’ experience in capital markets, risk oversight, and senior management roles, including as President and Country Head for Bank of America Merrill Lynch Canada. In that role she was responsible for developing and implementing the company’s strategy for growing its franchise in all products and services in Canada. Prior to her appointment as President and Country Head, she held a variety of positions at the firm within the fixed income and equity sales and trading platforms.
Before joining Merrill Lynch in 1999, Ms. Patterson held a number of senior positions with several leading organizations including Goldman Sachs Canada, where she was National Sales Manager of Fixed Income, and the Ontario Teachers' Pension Plan Board, where she was a fixed income portfolio manager. She also held various trading positions with JP Morgan Canada and CIBC Wood Gundy.
Ms. Patterson has served on the Government of Ontario’s Economic Advisory Panel and is a recipient of the Diamond Jubilee Medal as a builder and innovator in Canada’s investment industry.
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