{
  "title": "Canada: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management",
  "publication": "IMF Staff Country Reports, January 24, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/01/23/canada-financial-sector-assessment-program-technical-note-bank-resolution-and-crisis-48977",
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  "summary": "This Technical Note on Financial Safety Net and Crisis Management for the Canada presents the findings and recommendations made in the Financial Sector Assessment Program for Canada in the areas of bank resolution and crisis management.",
  "sections": [
    {
      "heading": "Summary and purpose",
      "content": "- Presents findings and recommendations from the Financial Sector Assessment Program (FSAP) for Canada in the areas of bank resolution and crisis management.\n- Based on the findings of the mission conducted during October 29–November 14, 2018.\n- Highlights that Canada has maintained financial stability for a long period of time.\n- Notes that strong institutional settings, effective supervision, and sound financial sector policies have succeeded in preventing crisis situations.\n- Observes that the last bank failure in Canada occurred more than twenty years ago.\n- Emphasizes that the lack of crisis events does not diminish the need for preparation and for revisions to the existing framework."
    },
    {
      "heading": "Key findings",
      "content": "- A substantial part of the financial system is covered by federal crisis management and safety net arrangements that are well-established.\n- Coordination among the federal agencies is strong, underpinned by inter-agency committees.\n- Ongoing work is needed to complete and enhance contingency plans and to implement testing and readiness programs."
    },
    {
      "heading": "Recommendations and policy priorities",
      "content": "- Continue the authorities' work in completing and enhancing their contingency plans.\n- Implement testing and readiness programs to ensure crisis preparedness."
    },
    {
      "heading": "Mission and provenance",
      "content": "- Mission dates: October 29–November 14, 2018.\n- Document type: Technical Note on Financial Safety Net and Crisis Management for Canada.\n- Series and identifiers:\n  - Pages: 65\n  - Volume: 2020\n  - Issue: 023\n  - Series: Country Report No. 2020/023\n  - DOI: https://doi.org/10.5089/9781513527246.002\n  - Stock No: 1CANEA2020008\n  - ISBN: 9781513527246\n  - ISSN: 1934-7685"
    },
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      "heading": "Context and links to IMF work",
      "content": "- Part of IMF Staff Country Reports.\n- Related program: Financial Sector Assessment Program (FSAP).\n- The publication date shown on the landing page: January 24, 2020.\n\nInternational Monetary Fund. Monetary and Capital Markets Department \"Canada: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management\", IMF Staff Country Reports 2020, 023 (2020).\n\n---\n\n Content in this bundle\n\n- 1canea2020008\n  - 1canea2020008 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1canea2020008 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 24, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513527246.002",
    "Presents findings and recommendations from the Financial Sector Assessment Program (FSAP) for Canada in the areas of bank resolution and crisis management.",
    "Based on the findings of the mission conducted during October 29–November 14, 2018.",
    "Highlights that Canada has maintained financial stability for a long period of time.",
    "Notes that strong institutional settings, effective supervision, and sound financial sector policies have succeeded in preventing crisis situations.",
    "Observes that the last bank failure in Canada occurred more than twenty years ago.",
    "Emphasizes that the lack of crisis events does not diminish the need for preparation and for revisions to the existing framework.",
    "A substantial part of the financial system is covered by federal crisis management and safety net arrangements that are well-established.",
    "Coordination among the federal agencies is strong, underpinned by inter-agency committees.",
    "Ongoing work is needed to complete and enhance contingency plans and to implement testing and readiness programs.",
    "Continue the authorities' work in completing and enhancing their contingency plans.",
    "Implement testing and readiness programs to ensure crisis preparedness.",
    "Mission dates: October 29–November 14, 2018.",
    "Document type: Technical Note on Financial Safety Net and Crisis Management for Canada.",
    "Series and identifiers:",
    "Part of IMF Staff Country Reports.",
    "Related program: Financial Sector Assessment Program (FSAP).",
    "The publication date shown on the landing page: January 24, 2020.",
    "**1canea2020008**"
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