In the recent MPC meeting, member Ashima Goyal said a sudden rise in Indian household debt could be a concern, as per the minutes of the meeting released on Friday. "Prudential tightening, such as raising LTV ratios or risk weights, would be preferable to raising policy rates . After the firm lending-based NPAs, most banks are trying to increase retail loans. These are secured or based on cash or salary flows. But it will help make sure lending continues to be risk-based and internal assessments are robust," Goyal said.
<p><span>Transparency, accountability, predictability, and effective Commission oversight—these are the public interests that I wrote last summer in the description of our proposed governance rule. These public interests are foundational to clearinghouse resilience. They remind us that the impact of market disruptions and stress is felt the hardest by farmers, ranchers, and producers, who face rising inputs, and hardworking American families who may have to pay more to feed their family, drive their car, or cool and heat their homes.</span></p>
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<p><span>I am pleased to join you for this inaugural meeting of the renewed Market Risk Advisory Committee (MRAC). I want to thank Commissioner Johnson, as well as Bruce Fekrat, for bringing us together to discuss market risk issues. I have met with many members of this committee to discuss the issues they face. I look forward to the presentations, which address important issues, including clearinghouse governance,</span><span> benchmark rate reforms,</span><span> climate-change-related risks,</span><span> and emerging future-of-finance issues, that I have recently discussed in statements and remarks.</span></p>
The COVID-19 pandemic and resulting public health measures have had significant impacts on daily life, including shifts in health behaviours which contribute to weight gain and may increase subsequent risk of chronic diseases such as cancer. Using OncoSim, a web-based microsimulation tool, we estimated the future burden of cancer in Canada by incorporating data on unintentional weight gain among adults during the first year of the COVID-19 pandemic. Population impact measures were estimated until 2042, assuming a 12-year latency period. We estimated 12,160 excess cancer cases and 4,567 excess cancer deaths by 2042 due to COVID-19 related weight gain. The largest estimated impacts were observed for endometrial, kidney and liver cancers among women, with potential impact fractions (PIF) of 2.87%, 1.67% and 1.30%, respectively. For men, the largest mean PIFs were observed for esophageal (2.48%), kidney (1.85%) and liver (1.47%) cancers. Changes in health behavior during the COVID-19 pande