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Canada :, Financial Sector Assessment Program-Intensity and Effectiveness of Federal Bank Supervision in Canada-Technical Note

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
Table Of Contents
Cover; CONTENTS; THE QUALITY OF FINANCIAL SUPERVISION IN CANADA AND ITS CONTRIBUTION TO FINANCIAL STABILITY "REGULATION DIDN'T SAVE CANADA'S BANKS"; A. Introduction; B. Summary of Findings; C. Background; BOXES; 1. Sustaining Canada's Success; QUALITY OF SUPERVISION; A. Statutory Mandate; B. Operational Independence; C. Resources; D. Principles-based Supervision; E. Intensity of Supervision; F. OSFI's Conservative Approach; G. Scope of OSFI Supervision; 2. Large Credit Unions-Are They Domestic Systematically Important Financial Institutions?
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (28 p.)
Specific Material Designation
Form Of Item

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