June 3, 2016 Policy Guidance on the Bank of Canada’s Risk-Management Standards for Systemic Financial Market Infrastructures The Bank of Canada today published final supplementary guidance related to its Risk-Management Standards for Systemic Financial Market Infrastructures (FMIs) following a public consultation process. Content Type(s): Press, Market notices
June 2, 2016 Maturity Dates and Target Range Sizes for 3-Year Bonds Earlier this year, the Government of Canada announced the reintroduction of 3-year bonds as part of the Debt Management Strategy for 2016-17, with issuance details for this sector to be made public following consultation with market participants. Content Type(s): Press, Market notices
June 2, 2016 Two-Track Adjustment: The Outlook for the Canadian Economy Presentation Lawrence L. Schembri Tourism Industry Association of Nova Scotia and Cape Breton Partnership Sydney, Nova Scotia Deputy Governor Lawrence Schembri discusses the Bank of Canada’s mandate and responsibilities and the outlook for the Canadian economy Content Type(s): Press, Speeches and appearances, Presentations
May 31, 2016 Research Update - May 2016 This monthly newsletter features the latest research publications by Bank of Canada economists including external publications and working papers published on the Bank of Canada’s website. Content Type(s): Staff research, Research newsletters
May 30, 2016 Quarterly Financial Report - First Quarter 2016 Quarterly Financial Report - First Quarter 2016 - For the period ended 31 March 2016 Content Type(s): Publications, Quarterly Financial Report
On the Nexus of Monetary Policy and Financial Stability: Is the Financial System More Resilient? Staff Discussion Paper 2016-12 Patricia Palhau Mora, Michael Januska Monetary policy and financial stability are closely intertwined, and the resilience of the financial system carries weight in this relationship. This paper explores whether the financial system is more resilient as a result of the G20’s post-crisis agenda for financial regulatory reform. Content Type(s): Staff research, Staff discussion papers Topic(s): Financial stability, Financial system regulation and policies, Monetary policy framework JEL Code(s): E, E5, E52, G, G0, G01, G2, G21, G23, G28
The Impact of Bankruptcy Reform on Insolvency Choice and Consumer Credit Staff Working Paper 2016-26 Jason Allen, Kiana Basiri We examine the impact of the 2009 amendments to the Canadian Bankruptcy and Insolvency Act on insolvency decisions. Rule changes steered debtors out of division I proposals and into the more cost-effective division II proposals. Content Type(s): Staff research, Staff working papers Topic(s): Credit and credit aggregates, Financial institutions, Financial system regulation and policies JEL Code(s): D, D1, D14, G, G2, K, K3, K35
On the Nexus of Monetary Policy and Financial Stability: Effectiveness of Macroprudential Tools in Building Resilience and Mitigating Financial Imbalances Staff Discussion Paper 2016-11 H. Evren Damar, Miguel Molico This paper reviews the Canadian and international evidence of the effectiveness of macroprudential policy measures in building resilience and mitigating financial imbalances. The analysis concludes that these measures have broadly achieved their goal of increasing the overall resilience of the financial system to the buildup of imbalances and increasing the financial system’s ability to withstand adverse shocks. Content Type(s): Staff research, Staff discussion papers Topic(s): Credit and credit aggregates, Financial stability, Financial system regulation and policies JEL Code(s): E, E5, E51, E58, G, G1, G18, G2, G28