Canada : Financial Sector Assessment Program-Technical Note-Stress Testing and Financial Stability Analysis.

This paper on Financial Safety Net and Crisis Management for the Canada reviews the stress testing and financial stability analysis. The paper highlights that the financial system's performance has been strong. The insurance sector has remained financially sound even in the low interest rate en...

وصف كامل

التفاصيل البيبلوغرافية
مؤلف مشترك: International Monetary Fund. Monetary and Capital Markets Department
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2020.
سلاسل:IMF Staff Country Reports; Country Report ; No. 2020/016
الوصول للمادة أونلاين:Full text available on IMF
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110 2 |a International Monetary Fund.  |b Monetary and Capital Markets Department. 
245 1 0 |a Canada :   |b Financial Sector Assessment Program-Technical Note-Stress Testing and Financial Stability Analysis. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2020. 
300 |a 1 online resource (166 pages) 
490 1 |a IMF Staff Country Reports 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper on Financial Safety Net and Crisis Management for the Canada reviews the stress testing and financial stability analysis. The paper highlights that the financial system's performance has been strong. The insurance sector has remained financially sound even in the low interest rate environment. Major banks, life insurers, and pension funds have expanded their footprints abroad. Canada has strong financial linkages with the United States. Macrofinancial vulnerabilities-notably, elevated household indebtedness and housing market imbalances-remain substantial, posing financial stability concerns. Major deposit-taking institutions would be able to manage severe macrofinancial shocks; however, mortgage insurers would probably need additional capital. Major deposit-taking institutions also hold enough liquidity buffers to withstand sizeable funding outflows. However, increased balance sheet complexity and reliance on wholesale and foreign exchange funding, and the extensive use of derivatives are some areas of concern that would warrant closer monitoring by the competent authorities and a more comprehensive quality assurance in the context of supervisory or macroprudential stress testing exercise. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2020/016 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/002/2020/016/002.2020.issue-016-en.xml  |z IMF e-Library