Non-Bank Financial Intermediation in Canada: An Update

Guillaume Bédard-Pagé

No 2019-2, Discussion Papers from Bank of Canada

Abstract: Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not prudentially regulated. The Bank of Canada regularly monitors entities and activities classified in non-bank financial intermediation, particularly those that involve a material degree of maturity, liquidity and credit transformation, a potential source of systemic risk. In this paper, we provide an update of our monitoring in this area, including insights obtained from new data sources.

Keywords: Financial Institutions; Financial markets; Financial stability (search for similar items in EconPapers)
JEL-codes: G01 G20 G23 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2019-03
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:19-2

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