Carolyn A. Wilkins
Senior Deputy Governor
Carolyn A. Wilkins was appointed Senior Deputy Governor for a term of seven years beginning 2 May 2014. In this capacity, she oversees the Bank’s strategic planning and economic and financial research, and shares responsibility for the conduct of monetary policy as a member of the Bank’s Governing Council. She is also a member of the Bank’s Board of Directors.
Ms. Wilkins represents the Bank of Canada on the Financial Stability Board (FSB) Plenary and is a member of the FSB’s Standing Committee on Assessment of Vulnerabilities. She was elected Chair of the FSB’s Regional Consultative Group for the Americas for a two-year term, effective 1 July 2015. She previously represented Canada on the Basel Committee on Banking Supervision (BCBS) and chaired the BCBS Working Group on Liquidity.
Prior to her appointment, Ms. Wilkins was Advisor to the Governor, with a focus on the Canadian economy, its interaction with the financial system, and monetary policy. She also served as Secretary to Governing Council. From 2011 until 2013, Ms. Wilkins was Chief of the Bank’s Financial Stability Department. In this role, she led the Bank’s analysis and research on issues related to the financial sector in Canada and abroad, the assessment of risks to financial system stability, and the oversight of systemically important payment, clearing and settlement systems under the Payment, Clearing and Settlement Act.
Ms. Wilkins has held a broad range of senior analytical roles at the Department of Finance Canada and the Privy Council Office. Since joining the Bank in 2001, she has occupied increasingly senior positions, first in the monetary and financial modelling division of the former Monetary and Financial Analysis Department, and subsequently as Deputy Chief of the Financial Markets Department. From October 2010 until November 2011, Ms. Wilkins was on assignment as Special Director on the OTC Derivatives Market Task Force. She also chaired the inter-agency working group coordinating implementation of the G-20’s commitments related to over-the-counter derivatives.
Ms. Wilkins was born in Peterborough, Ontario. She holds an Honours BA in Economics from Wilfrid Laurier University and an MA in Economics from the University of Western Ontario. In 2016, she was named by Women’s Executive Network as a Canada’s Most Powerful Women: Top 100 Award Winner.
Latest
April 18, 2018 Monetary Policy Report Press Conference Opening Statement
Governor Stephen S. Poloz discusses key issues involved in the Governing Council’s deliberations about the policy rate decision and the MPR.March 22, 2018 Financial Stability: Taking Care of Unfinished Business
Senior Deputy Governor Carolyn A. Wilkins discusses three areas in which work remains to be done to improve financial stability.February 8, 2018 At the Crossroads: Innovation and Inclusive Growth
Senior Deputy Governor Carolyn A. Wilkins discusses technological progress and how policy-makers can harness it for economic growth that benefits everyone.Bank Publications
June 13, 2013 The Basel III Liquidity Standards: An Update
December 20, 2010 Strengthening the Infrastructure of Over-the-Counter Derivatives Markets
Other
Refereed Journal
- Wilkins, C. (with G. Tkacz). 2008. “Linear and Threshold Forecasts of Output and Inflation with Stock and Housing Prices,” Journal of Forecasting, Vol. 27, Issue 2, pp. 131-151.
Publications from Working Groups
- Basel Committee on Banking Supervision (C. Wilkins co-chair of Working Group on Liquidity). 2014. “Basel III: the Net Stable Funding Ratio - consultative document.”
- Basel Committee on Banking Supervision (C. Wilkins co-chair of Working Group on Liquidity). 2014. “Guidance for Supervisors on Market-Based Indicators of Liquidity.”
- Basel Committee on Banking Supervision (C. Wilkins co-chair of Working Group on Liquidity). 2014. “Liquidity coverage ratio disclosure standards.”
- Canadian Over-the-Counter Derivatives Working Group (C. Wilkins Chair of Working Group). 2010. “Reform of Over-the-Counter (OTC ) Derivatives Markets in Canada: Discussion Paper from the Canadian OTC Derivatives Working Group.”
- Canadian Foreign Exchange Committee Working Group on the Performance of FX Markets over the Crisis (C. Wilkins Chair of Working Group). 2010. “The Canadian Foreign Exchange Market: Developments and Opportunities.”
- Committee on the Global Financial System Study Group on Cross Border Funding (C. Wilkins member of Study Group.) 2010. “The functioning and resilience of cross-border funding markets”. CGFS Paper No. 37.
Other Publications
- Wilkins, C. 1998. “Youth and the 1990s Labour Market,” Department of Finance Working Paper No. 98-08.
- Wilkins, C. (with F. Lee and S. James). 1992. “Estimating Trend Total Factor Productivity Growth in Canada,” Department of Finance Working Paper No. 92-03.
- Wilkins, C. (with M. Albert). 1989. “Closed Economy Analysis of the Dynamics of Deficits and Debt in a Unitary and Federal State,” Department of Finance Working Paper No. 89-01.