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July 22, 2021 – William Robson, CEO of the C.D. Howe Institute, announces the re-appointment of Mark Zelmer as a Senior Fellow.

“Mark’s wealth of experience in financial sector regulation and central banking makes him a great source of ideas,” said Robson. “The C.D. Howe Institute has benefitted from his insights, and we look forward to further collaboration.”

“Canada is fortunate to have the C.D. Howe Institute, which continues to be a source of very thoughtful independent advice for Canadians on key public policies,” said Zelmer. “I am honoured to continue my association with this well-renowned Institute.”

Mark Zelmer has more than 30 years of experience dealing with financial sector policy and regulatory issues having worked for the Office of the Superintendent of Financial Institutions, Canada (OSFI); the Bank of Canada; and the International Monetary Fund (IMF). He served first as an Assistant Superintendent and then as Deputy Superintendent of Financial Institutions at OSFI from December 2011 until June 2016. Prior to that he spent more than 20 years with Bank of Canada serving in progressively more senior positions, including as the first leader of its Financial Stability Department from September 2008 until November 2011. He also spent almost four years with the IMF from January 2000 until November 2003 where he served first as senior economist and then as Deputy Division Chief in what is now its Monetary and Capital Markets Department.

Zelmer was also an active contributor to the global regulatory reform agenda in the wake of the financial crisis. As a member of the Basel Committee on Banking Supervision from September 2008 through June 2016 he chaired the development of several macroprudential components of the Basel III framework and led a peer review assessment of the European Union's adoption of Basel III capital requirements. He also served on the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation from July 2014 to June 2016 and co-chaired its work on structural vulnerabilities associated with the global asset management industry.

Zelmer has also been active since retiring from OSFI in 2016. In addition to publishing a number of reports and Intelligence Memos with the C.D. Howe Institute, he co-chaired the Institute’s Working Group on Monetary and Financial Measures. He conducted an independent review of the prudential supervision of a medium-sized bank for the Bank of England that was published in March 2019; helped the IMF with its assessment of the Japanese financial system in 2017 and the US system in 2020; and currently serves on the boards of directors for Assuris and State Street Trust Company of Canada.

Zelmer holds a Master of Science (Business Administration) degree from the University of British Columbia and a Bachelor of Commerce (Honours) degree from Queen's University.

For more information please contact: C.D. Howe Institute at 416-865-1904; email: media@cdhowe.org.

The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.