Posts

• Clearing and Settlement Systems from Around the World: A Qualitative Analysis

  Staff Discussion Paper 2016-14 Michael Tompkins, Ariel Olivares

  As Canada continues to engage in a dialogue to develop the approach to modernizing its core payment systems, we analyze the core payment systems that exist in countries around the world. We study payment systems in 27 jurisdictions, encompassing a broad range of geographic regions, through three levels of analysis.

  Content Type(s): Staff research, Staff discussion papers Topic(s): Financial services, Financial system regulation and policies, Payment clearing and settlement systems JEL Code(s): E, E4, E42, L, L1, L14, L15, L5, L52
• June 15, 2016

  Canadian economy making progress, Governor Poloz says

  Media Relations Whitehorse, Yukon

  The Canadian economy is making progress in adjusting to low oil prices and recovering from the global financial crisis, Bank of Canada Governor Stephen S. Poloz said today.

  Content Type(s): Press, Press releases
• June 15, 2016

  The Canadian Economy: A Progress Report

  Remarks Stephen S. Poloz Yukon Chamber of Commerce Whitehorse, Yukon

  Governor Stephen S. Poloz talks about the outlook for Canada’s economy and the adjustment to lower resource prices.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Business fluctuations and cycles, Domestic demand and components, Monetary policy, Monetary policy and uncertainty, Recent economic and financial developments, Regional economic developments
• June 10, 2016

  Weekly Financial Statistics - 10 June 2016

  Content Type(s): Publications, Historical: Weekly Financial Statistics

• Implementing Market-Based Indicators to Monitor Vulnerabilities of Financial Institutions

  Staff Analytical Note 2016-5 Cameron MacDonald, Maarten van Oordt, Robin Scott

  This note introduces several market-based indicators and examines how they can further inform the Bank of Canada’s vulnerability assessment of Canadian financial institutions. Market-based indicators of leverage suggest that the solvency risk for major Canadian banks has increased since the beginning of the oil-price correction in the second half of 2014.

  Content Type(s): Staff research, Staff analytical notes Topic(s): Financial institutions, Financial stability JEL Code(s): G, G1, G10, G2, G21
• June 9, 2016

  Release of the Financial System Review

  Opening statement Stephen S. Poloz Ottawa, Ontario

  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
• 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
• 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

  Overall risks to financial stability are largely unchanged, but household vulnerabilities have moved higher

  Media Relations Ottawa, Ontario

  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
• June 9, 2016

  Financial System Review - June 2016

  

  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