Canada: Financial Sector Assessment Program-Crisis Management and Bank Resolution Framework-Technical Note

Publication Date: March 07, 2014
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Summary: This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.
Series: Country Report No. 14/67
Subject(s): Financial Sector Assessment Program | Financial safety nets | Banking sector | Bank resolution | Deposit insurance | Bank supervision | Crisis prevention | Canada

Publication Date: March 07, 2014
ISBN/ISSN: 9781484329825/1934-7685 Format: Paper
Stock No: 1CANEA2014005 Pages: 65
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