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Canada: Financial Sector Assessment Program-Intensity and Effectiveness of Federal Bank Supervision in Canada-Technical Note
Author:
International Monetary Fund. Monetary and Capital Markets Department
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 070
Language:
English
Publication Date:
07 Mar 2014
DOI:
https://doi.org/10.5089/9781475573480.002
ISBN:
9781475573480
ISSN:
1934-7685
Pages:
27
Keywords:
ISCR; CR; Canadian bank; financial crisis; leverage ratio; OSFI modeling; risk appetite; government policy; banking system; finance system; government support; capital ratio; government housing policy; OSFI superintendent; mortgage finance system; core mandate; OSFI senior management; Mortgages; Commercial banks; Residential mortgages; Credit bureaus; Global; Europe
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This paper evaluates Financial Sector Assessment Program (FSAP) intensity and effectiveness of Federal Bank supervision in Canada. The IMF report highlights that a key element of effective supervision is a willingness to increase supervisory pressure promptly when a supervisor identifies weaknesses in an institution. The IMF funding for Canadian banks is primarily through deposits and lending focuses on traditional bank products in Canada in the personal and commercial sectors. It also highlights that one of the key characteristics of Canada is a government housing policy that has contributed to a very safe and liquid residential mortgage finance system.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund