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

March 7, 2014

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Format: Chicago

Canada: Financial Sector Assessment Program-Intensity and Effectiveness of Federal Bank Supervision in Canada-Technical Note, (USA: International Monetary Fund, 2014) accessed December 21, 2024

Summary

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.

Subject: Banking, Commercial banks, Credit bureaus, Financial crises, Financial institutions, Financial markets, Mortgages, Residential mortgages

Keywords: Banking system, Canadian bank, Capital ratio, Commercial banks, Core mandate, CR, Credit bureaus, Europe, Finance system, Financial crisis, Global, Government housing policy, Government policy, Government support, ISCR, Leverage ratio, Mortgage finance system, Mortgages, OSFI modeling, OSFI senior management, OSFI superintendent, Residential mortgages, Risk appetite

Publication Details

Pages:

27
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/070
Stock No:

1CANEA2014008
ISBN:

9781475573480
ISSN:

1934-7685

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