Canada: Financial System Stability Assessment-Update

International Monetary Fund

No 2008/059, IMF Staff Country Reports from International Monetary Fund

Abstract: The Canadian financial sector is among the world’s most highly developed. The five large banking groups that form the core of the system are conservatively managed and highly profitable. The stress tests suggest that the large Canadian banks can withstand a broad range of shocks. The current turbulence in global credit markets has affected Canada’s asset-backed commercial paper market. The Canadian Depository Securities Settlement System is sound, efficient and reliable, and it complies with almost all Recommendations for Securities Settlement Systems.

Keywords: ISCR; CR; bank merger; financial market; exchange rate; a number of bank; bank resolution; return on assets; share ownership; financial system; return on equity; U.S. dollar; bank subsidiary; bank share ownership; bank provisions; Securities; Stress testing; Liquidity; Pensions; Credit risk; Global (search for similar items in EconPapers)
Pages: 66
Date: 2008-02-13
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Citations: View citations in EconPapers (5)

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