Canada: Financial Sector Stability Assessment

International Monetary Fund

No 2014/029, IMF Staff Country Reports from International Monetary Fund

Abstract: This report discusses key findings of the Financial Sector Stability Assessment on Canada. Canada’s financial system successfully navigated the global financial crisis, and stress tests suggest that major financial institutions would continue to be resilient to credit, liquidity, and contagion risks arising from a severe stress scenario. Elevated housing prices and high household debt remain an area of concern, though targeted prudential and macroprudential measures are proving to be effective. The regulatory and supervisory framework is strong, and is complemented by a credible federal system of safety nets.

Keywords: ISCR; CR; bank; Augment OSFI; financing; market; short term; financial crisis; net income; ABCP industry; mutual fund; intervention framework; capital requirement; banking system; market share; holding company; Insurance; Mortgages; Stress testing; Insurance companies; Global; Caribbean (search for similar items in EconPapers)
Pages: 61
Date: 2014-02-03
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