Canada: Financial Sector Stability Assessment

February 3, 2014

Preview Citation

Format: Chicago

Canada: Financial Sector Stability Assessment, (USA: International Monetary Fund, 2014) accessed September 20, 2024

Summary

This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks arising from a severe stress scenario. Elevated housing prices and high household debt remain an area of concern, though targeted prudential and macroprudential measures are proving to be effective. The regulatory and supervisory framework is strong, and is complemented by a credible federal system of safety nets.

Subject: Banking, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Insurance, Insurance companies, Mortgages, Stress testing

Keywords: ABCP industry, Augment OSFI, Bank, Banking system, Capital requirement, Caribbean, CR, Financial crisis, Financing, Global, Holding company, Insurance, Insurance companies, Intervention framework, ISCR, Market, Market share, Mortgages, Mutual fund, Net income, Short term, Stress testing

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/029
Stock No:

1CANEA2014003
ISBN:

9781616358006
ISSN:

1934-7685

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