Canada: Central Bank Transparency Code Review
IMF Staff Country Reports, September 28, 2022
Source details
- Canonical URL
- Canada: Central Bank Transparency Code Review
Other formats
Bibliographic details
- Published: September 28, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400221248.002
Summary
- The Bank of Canada (BOC) sets a high benchmark for transparency, which is recognized by its stakeholders, thus maintaining a high level of trust and accountability.
- The BOC’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1).
- External stakeholders view the central bank as an open, dynamic, and transparent public institution.
Findings and analysis
- Alignment:
- The BOC’s transparency practices are "broadly aligned with expanded and comprehensive practices" under the IMF Central Bank Transparency Code.
- Stakeholder perceptions:
- External stakeholders acknowledge the BOC as open, dynamic, and transparent, contributing to high trust and accountability.
- Scope:
- Subject areas covered include Central banks, Financial crises, Financial sector policy and analysis, Financial sector stability, Financial statements, Internal audit, International organization, International reserves, Lender of last resort, Monetary policy, Public financial management (PFM).
Keywords and related topics emphasized
- CBT Review
- climate change Work
- Financial sector stability
- Financial statements
- Global
- IMF central bank Transparency Code
- Internal audit
- International Monetary Fund publication service
- International reserves
- Lender of last resort
- term liquidity facility
Access and distribution notes (as presented)
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International Monetary Fund. Monetary and Capital Markets Department "Canada: Central Bank Transparency Code Review", IMF Staff Country Reports 2022, 318 (2022).
Content in this bundle
- Canada: Central Bank Transparency Code Review; IMF Country Report No. 22/318; September 16, 2022