We focus our efforts to keep the Bank secure, modern and efficient.
The Bank’s operations play a crucial role in enabling our work on behalf of Canada’s economy and financial system. Moving forward, we must be nimble in our decision-making and work efficiently to fulfill our mandate. At the same time, it is critical that we maintain the continuity of our operations while safeguarding against potential disruptions and threats. We must also ensure we have timely, relevant data at our fingertips to advance the opportunities that matter most to Canadians.
Objectives
- Our processes and systems are more agile, scalable and efficient.
- Our operations remain uninterrupted and secure while evolving to keep pace with the market.
- We have efficient access to relevant, reliable and secure data.
Outputs
- Completing the redesign of the High-Availability Banking System (HABS) and making significant progress on its development.
- Optimizing the Bank’s approach to collateral management.
- Implementing the Bank’s 2025–27 operational resiliency strategy.
- Implementing the Bank’s 2025–27 cyber security strategy, including an enhanced employee awareness program.
- Strengthen our Bank-wide, risk-based data governance framework.
- Completing the review of the Bank’s enterprise risk management framework.
What success looks like
- Business agility: Core systems and processes that support banking and market operations have been upgraded, ensuring the Bank is able to adapt quickly to new and emerging business needs.
- Resilience: We anticipate and prepare for a variety of risks and operational disruptions and have an enhanced ability to respond to and recover from them.
- Cyber security: Our cyber security posture is maintained in a rapidly evolving threat environment.
- Data: Employees have ready and secure access to high-quality data with which to conduct novel analyses and to support decision-making.