The Participants

Contributors NICOLAS AUDET ALLISON HOLLAND University of Michigan United Kingdom Debt Management Office JOHN CHANT Bank of Canada MARIANNE JOHNSON and Simon Fraser University Bank of Canada IAN DOMOWITZ MARAL KICHIAN Investment Technology Group Inc. Bank of Canada and Pennsylvania State University DINO KOS CHRIS D’SOUZA Federal Reserve Bank of New York Bank of Canada ALEXANDRA LAI SHAFIQ K. EBRAHIM Bank of Canada Financial Engines BLAKE LEBARON WALTER ENGERT Brandeis University Bank of Canada RICHARD K. LYONS CHARLES GAA University of California, Berkeley Bank of Canada ANANTH MADHAVAN GERALD GOLDSTEIN Investment Technology Group Inc. Office of the Superintendent and University of Southern California of Financial Institutions JAMES MORLEY TONI GRAVELLE Washington University in St. Louis Bank of Canada RON PARKER JOS R. HEUVELMAN Bank of Canada De Nederlandsche Bank

Note: Affiliations are as at 29–30 November 2001.

143 144 The Participants

ELI M. REMOLONA ROBERT WHITE Bank for International Settlements University of Western Ontario ASANI SARKAR JING YANG Federal Reserve Bank of New York Bank of Canada PETER THURLOW Bank of Canada

Other Participants BORIS ALEKHIN JEAN-PHILIPPE CAYEN Moscow Interbank Currency Exchange Bank of Canada ROBERT AMANO ALAIN CHABOUD Bank of Canada Federal Reserve Board JIM ARMSTRONG RAJESH CHAKRABARTI Bank of Canada Georgia Institute of Technology EDDIE ASTANIN LINDSAY CHEUNG Moscow Interbank Currency Exchange Bank of Canada JOSEPH ATTA-MENSAH ÉRIC CHOUINARD Bank of Canada Bank of Canada JEANNINE BAILLIU IAN CHRISTENSEN Bank of Canada Bank of Canada WILLIAM BARKER MARTIN CINCIBUCH Bank of Canada Czech National Bank CHRISTINE BIES JON COCKERLINE Bank of Canada Investment Dealers Association of Canada NICOLAS BLOUIN Department of Finance AGATHE CÔTÉ Bank of Canada SERGE BOISVERT Bank of Canada ALLAN CRAWFORD Bank of Canada DAVID BOLDER Bank of Canada FRED DANIEL Bank of Canada MONIQUE BUREAU Commission des valeurs mobilières BRIGITTE DESROCHES du Québec Bank of Canada CHRISTIAN CALMÈS DAVID DODGE Bank of Canada Bank of Canada BRYAN CAMPBELL VERONIKA DOLAR Concordia University/CIRANO Bank of Canada The Participants 145

PIERRE DUGUAY MICHAEL KING Bank of Canada Bank of Canada CHARLES FREEDMAN JAMES KINSLEY Bank of Canada State Street Bank & Trust Co. RADU GABUDEAUN MALCOLM KNIGHT Bank of Canada Bank of Canada ANDRA GHENT SHAWN LADD Bank of Canada Department of Finance PIERRE GILBERT ROBERT LAFRANCE Department of Finance Bank of Canada PIERRE GODIN MARC LARSON Commission des valeurs mobilières Bank of Canada du Québec STÉPHANE LAVOIE CLYDE GOODLET Bank of Canada Bank of Canada DANIELLE LECAVALIER MICHAEL GREGORY Bank of Canada Bank of Montreal ETIENNE LESSARD GREG HAYMES Bank of Canada Bank of Canada DAVID LONGWORTH KEN HIGHT Bank of Canada ITG Canada Corporation TIFF MACKLEM DONNA HOWARD Bank of Canada Bank of Canada DINAH MACLEAN MARK ILLING Bank of Canada Bank of Canada DES MC MANUS PAUL JENKINS Bank of Canada Bank of Canada KIM MCPHAIL MARK JEWETT Bank of Canada Bank of Canada CÉSAIRE MEH GRAHAM JOHNSON Bank of Canada Bank of Canada ANGELO MELINO JOHN JOHNSTON Harvard University RBC Dominion Securities Inc. FRANK MILNE MARTIN KAUFMAN Queen’s University International Monetary Fund RON MORROW SHERYL KENNEDY Bank of Canada Bank of Canada 146 The Participants

PHILIPPE MULLER ERIC SANTOR Bank of Canada Bank of Canada JOHN MURRAY LAWRENCE SCHEMBRI Bank of Canada Bank of Canada HIROSHI NAKASO JACK SELODY Bank of Japan Bank of Canada SHEILA NIVEN PAUL SHAKO-DJUNGA Bank of Canada Bank of Canada CAROL ANN NORTHCOTT TOKIKO SHIMIZU Bank of Canada Bank of Japan ROB OGRODNICK WALLY SPECKERT Bank of Canada Bank of Canada DANIEL PADRO ANDREW SPENCE Department of Finance TD Securities NICOLAS PARENT PIERRE ST-AMANT Bank of Canada Bank of Canada RANDEE PAVALOW TRACEY STERN Ontario Securities Commission Ontario Securities Commission NANCY PEARSON ROB STEWART Bank of Canada Department of Finance JEAN-FRANÇOIS PERRAULT GERALD STUBER Bank of Canada Bank of Canada GEORGE PICKERING NIKOLA SWANN Bank of Canada Department of Finance DEREK POLCYN LORNA THOMAS Department of Finance Bank of Canada STEPHEN POLOZ PAULA TOOVEY Export Development Corporation Bank of Canada JAMES POWELL EUSTATHIOS TRIANTAFELLOU Bank of Canada Bank of Canada RANDALL POWLEY ANASTASIA VAKOS Ontario Securities Commission Bank of Canada MARK REESOR SIMON VAN NORDEN Bank of Canada École des hautes études commerciales CHRIS REID IANTHI VAYID Bank of Canada Bank of Canada MICHEL SABBAGH Competition Bureau The Participants 147

MONIQUE VIRANYI PETER YOUNGMAN Commission des valeurs mobilières Bank of Canada du Québec BASIL ZAFIRIOU MINH VU Office of the Superintendent Bank of Canada of Financial Institutions DAVID WATT MARK ZELMER BMO Nesbitt Burns International Monetary Fund ELIZABETH WOODMAN ZHIWEI ZHANG Bank of Canada Bank of Canada IAN WRIGHT LORIE ZORN Department of Finance Bank of Canada SUZANNE YOUNG Bank of Canada