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

International Monetary Fund

No 2014/067, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; credit union; insurance coverage; financial system; central bank; CDIC insurance determination rule; CDIC resolution power; CDIC shares responsibility; CDIC decal; CDIC decision; CDIC update FISC; CDIC readiness; CDIC member; deposit insurance; Deposit insurance; Bank resolution framework; Crisis management; Financial sector stability; Crisis resolution; Global (search for similar items in EconPapers)
Pages: 65
Date: 2014-03-07
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