The bank has rejected Mr. Pickard’s criticisms, calling them baseless. It released the findings of an internal review of his allegations in July, saying the bank’s governance “is functioning as intended,” and that the investigation had found “no evidence of undue influence on decisions taken by the board of directors or management.”
The bank’s review also took aim at Mr. Pickard, saying that while he “was recognized for his efforts and contributions towards improving internal messaging” at the bank, his tenure was “characterized by managerial shortcomings and interpersonal conflicts.” He pointed to the presence of Mr. Jin, the bank’s president, at the China-Central Asia Summit hosted by Chinese President Xi Jinping in May. The event was an effort by Beijing to cultivate more influence in a region that includes Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.
Mr. Pickard said he stands by his recommendation that Canada quit the bank. Canada was one of the first Western countries to join the institution, putting up US$995-million for a 1-per-cent stake.
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Opinion: Bank of Canada shows growing interest in corporate earnings, stock marketThe output from the research department has indicated a great deal of interest in corporate information, inflation and the transmission of rate policy
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