May 13, 2010 / 7:49 PM / 7 years ago

Reform to limit but not stop crises: Bank of Canada

OTTAWA (Reuters) - Reform of the global financial system cannot be expected to prevent future crises but should minimize their consequences, a senior Bank of Canada official said on Thursday.

Pierre Duguay, a Bank of Canada deputy governor, also said at an appearance in Ottawa that proposals for surcharges on capital to address financial imbalances are questionable.

Reporting by Louise Egan; Writing by Jeffrey Hodgson; editing by Peter Galloway

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