Canada: Financial Sector Assessment Program-Intensity and Effectiveness of Federal Bank Supervision in Canada-Technical Note

International Monetary Fund

No 2014/070, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper evaluates Financial Sector Assessment Program (FSAP) intensity and effectiveness of Federal Bank supervision in Canada. The IMF report highlights that a key element of effective supervision is a willingness to increase supervisory pressure promptly when a supervisor identifies weaknesses in an institution. The IMF funding for Canadian banks is primarily through deposits and lending focuses on traditional bank products in Canada in the personal and commercial sectors. It also highlights that one of the key characteristics of Canada is a government housing policy that has contributed to a very safe and liquid residential mortgage finance system.

Keywords: ISCR; CR; Canadian bank; financial crisis; leverage ratio; OSFI modeling; risk appetite; government policy; banking system; finance system; government support; capital ratio; government housing policy; OSFI superintendent; mortgage finance system; core mandate; OSFI senior management; Mortgages; Commercial banks; Residential mortgages; Credit bureaus; Global; Europe (search for similar items in EconPapers)
Pages: 27
Date: 2014-03-07
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Citations: View citations in EconPapers (1)

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