Financial System Review - June 2016

June 9, 2016
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The Financial System Review concludes that the overall level of risk to Canada’s financial system is largely unchanged from six months ago. While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Bank highlights three vulnerabilities in the financial system: the elevated level of household indebtedness, imbalances in some regional housing markets and the fragility of liquidity in fixed-income markets.
Content Type(s): Publications, Financial Stability Report
June 9, 2016

Large Canadian Public Pension Funds: A Financial System Perspective

Financial System Review - June 2016 Guillaume Bédard-Pagé, Annick Demers, Eric Tuer, Miville Tremblay
The authors review the eight largest public pension funds in Canada. These funds are an important source of retirement income for Canadians. They are also significant investors, with net assets under management of over $1 trillion. The authors outline the investment strategies of the funds and how they interact with financial institutions and participate in financial markets. They also discuss the ways in which the funds’ risk-management frameworks could contribute to financial system stability and how they minimize potential vulnerabilities.
Content Type(s): Publications, Financial System Review articles Topic(s): Financial institutions, Financial stability, International financial markets JEL Code(s): G, G1, G11, G2, G23
June 9, 2016

Securities Financing and Bond Market Liquidity

Financial System Review - June 2016 Jean-Sébastien Fontaine, Corey Garriott, Kyle Gray
This report investigates how the markets for repurchase agreements and securities-lending agreements support the liquidity of Canadian bond markets. It also discusses how recent regulatory changes, as well as low interest rates and settlement failures, are potentially affecting securities-financing markets and, as a result, bond market liquidity.
Content Type(s): Publications, Financial System Review articles Topic(s): Financial markets, Financial system regulation and policies, Market structure and pricing JEL Code(s): G, G1, G12, G2

Press release accompanying the release of the Financial System Review

June 9, 2016

The Financial System Review (FSR) concludes that the overall level of risk to Canada’s financial system is largely unchanged from six months ago. While household vulnerabilities have moved higher, the ongoing economic recovery in Canada means that the overall risk remains the same. The Bank highlights three vulnerabilities in the financial system: the elevated level of household indebtedness, imbalances in some regional housing markets and the fragility of liquidity in fixed-income markets.

Content Type(s): Press, Press releases

Financial System Review Press Conference Opening Statement

June 9, 2016
Opening statement -

Press conference following the release of the Financial System Review.

Content Type(s): Press, Speeches and appearances, Opening statements
Topic(s): Credit and credit aggregates, Financial markets, Financial stability, Financial system regulation and policies, Housing, Sectoral balance sheet

Financial System Review Flickr Gallery

View and share high quality images of the Financial System Review charts.

Financial System Review - Press Conference (Video) - June 2016

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins. (11:15 (ET) approx.).

Financial System Review - Press Conference (Audio) - June 2016

Press conference by Governor Stephen S. Poloz and Senior Deputy Governor Carolyn Wilkins. (11:15 (ET) approx.).