Carney Speech Makes No Reference to Domestic Monetary Policy or Economic Outlook

Carney says Boc Working With Partners to Develop Central Clearing Counterparties for Over the counter Derivatives Markets, As Well As for Domestic Repos

Carney-"there are No Panaceas"; Wholesale Regulatory Reform, Policy Changes and Adjustment of Private Behavior Needed

Carney says embedded Contingent Capital in Some Debt, Shares issued by Banks a Promising Market-based Mechanism for Addressing too Big to Fail"

Carney says All Jurisdictions need Tools to Intervene in Failing Banks Safely and Quickly