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December 11, 2014

Financial reform is essential but must not stifle innovation, says Bank of Canada Governor Stephen S. Poloz

Global financial reforms have made the financial system safer, but regulators must ensure that the new rules do not stifle innovation, Bank of Canada Governor Stephen S. Poloz said today in a speech in New York on the future of the financial industry. “I see such innovation in financial intermediation as essential to fostering regulatory […]
Content Type(s): Press, Press releases
December 10, 2014

Bank of Canada says household imbalances remain most important risk to financial stability

Risks to Canada’s financial system have not increased in the past six months, but high consumer debt loads and imbalances in the housing market remain a concern, the Bank of Canada said today in itsbiannual Financial System Review (FSR). “We judge that the probability of an adverse shock has eased since our June FSR,” said […]
Content Type(s): Press, Press releases
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