Canada: Financial Sector Assessment Program-Crisis Management and Bank Resolution Framework-Technical Note

March 7, 2014

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Format: Chicago

Canada: Financial Sector Assessment Program-Crisis Management and Bank Resolution Framework-Technical Note, (USA: International Monetary Fund, 2014) accessed November 21, 2024

Summary

This report underlies Canada’s Financial Sector Assessment Program (FSAP) in the areas of crisis management and blank resolution. The provincial deposit insurance systems (DIS) and resolution frameworks are highly heterogeneous and the FSAP’s analysis suggests that the preparedness to overcome financial stress should be enhanced. The IMF report discusses that the federal legal and institutional arrangements for resolving individual financial institutions are robust. It suggests that clear mandates should be assigned to: (1) monitor systematic risk to facilitate macroprudential oversight; and (2) carry out system wide crisis preparedness.

Subject: Bank deposits, Bank resolution framework, Banking, Crisis management, Crisis resolution, Deposit insurance, Financial crises, Financial sector policy and analysis, Financial sector stability

Keywords: Bank resolution framework, CDIC decal, CDIC decision, CDIC insurance determination rule, CDIC member, CDIC readiness, CDIC resolution power, CDIC shares responsibility, CDIC update FISC, Central bank, CR, Credit union, Crisis management, Crisis resolution, Deposit insurance, Deposit insurance, Financial sector stability, Financial system, Global, Insurance coverage, ISCR

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/067
Stock No:

1CANEA2014005
ISBN:

9781484329825
ISSN:

1934-7685

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