Canada: Financial System Stability Assessment-Update
February 13, 2008
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The Canadian financial sector is among the world’s most highly developed. The five large banking groups that form the core of the system are conservatively managed and highly profitable. The stress tests suggest that the large Canadian banks can withstand a broad range of shocks. The current turbulence in global credit markets has affected Canada’s asset-backed commercial paper market. The Canadian Depository Securities Settlement System is sound, efficient and reliable, and it complies with almost all Recommendations for Securities Settlement Systems.
Subject: Asset and liability management, Banking, Credit risk, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, Labor, Liquidity, Pensions, Securities, Stress testing
Keywords: a number of bank, bank merger, bank provisions, bank resolution, bank share ownership, bank subsidiary, CR, Credit risk, exchange rate, financial market, financial system, Global, ISCR, Liquidity, Pensions, return on assets, return on equity, Securities, share ownership, Stress testing, U.S. dollar
Pages:
66
Volume:
2008
DOI:
Issue:
059
Series:
Country Report No. 2008/059
Stock No:
1CANEA2008001
ISBN:
9781451956856
ISSN:
1934-7685
