In preparing the program, there has been detailed discussion on the content with key members of the Economics department, officers from the Bank of Canada, OSFI, GRI; and international academics and professionals in the fields of financial regulation and financial stability. The program draws on core faculty expertise in the Department of Economics, notably Frank Milne (BMO Professor of Economics and Finance) who teaches an existing graduate risk management course, supervises graduate students in the area and will serve as the first Director. David Longworth who is an adjunct professor in the Department and previously served as Deputy Governor (Financial System) at the Bank of Canada will also teach one of the courses. The two will share responsibility for organizing the advanced topics seminar.

Frank Milne

Frank Milne – Program Director RPRD

Frank Milne is currently BMO Professor of Economics and Finance in the Economics Dept., Queen’s University, Canada. Milne’s research interests and contributions have included theoretical analysis of Financial Security Pricing; analysis of Financial Stability in Banking Systems; Financial Risk Management Systems; and the analysis of Corporate and Non-Profit governance structures.

He has consulted widely in the private and public sectors in Australia, Canada and the U.K. He has been a consultant at the Bank of England; and in 2008-9 was a Special Advisor to the Bank of Canada.

David Longworth

David Longworth – Associate Director RPRD

David Longworth was a Deputy Governor of the Bank of Canada from April 2003 until his retirement from the Bank in March 2010 after 36 years of service. As a member of the Bank’s Governing Council, he shared responsibility for decisions with respect to monetary policy and financial system stability. From 2005-2010 he served as a Bank representative on the Committee of the Global Financial System and the BIS Markets Committee.

At Queen’s since 2011, he has been a frequent John Weatherall Distinguished Fellow and term adjunct professor, teaching a seminar on comparative financial crises. His major research interest is macroprudential policy.

Danielle Wallace is the Graduate Assistant for the Risk Policy and Regulation Diploma (RPRD), as well our other Economics Graduate Programs – Masters and PhD level.

She can be reached by email at: rprd at She can be called at: (613) 533-2259.  She is also located at the following address:

Department of Economics, Dunning Hall Room 209, 94 University Avenue, Queen’s University, Kingston, Ontario K7L 3N6 Canada

Additional faculty who may contribute include Thor Koeppl (monetary and financial economics), Morten Nielsen (time-series and financial econometrics), Huw Lloyd-Ellis (macroeconomics and housing), Allen Head (macroeconomics and monetary economics) James Bergin (real and financial networks) and Jan Zabojnik (managerial economics). The program will also draw on experts from academia and the private and public sectors to lecture on key topics. The Bank of Canada, the Office of the Superintendent of Financial Institutions (OSFI), the Global Risk Institute (GRI) and others have offered assistance in providing experts in specialized areas.

Program Details