The Financial System Review features the following sections:

Risk Assessment: Presents the collective judgment of the Bank of Canada’s Governing Council on the key risks and vulnerabilities—arising from both international and domestic sources—that would adversely affect the stability of the Canadian financial system.

Macrofinancial Environment: Discusses key financial and macroeconomic trends and developments over the past six months to support the assessment of the key risks for Canadian financial stability outlined in the Risk Assessment.

Reports: This issue features the following reports, which examine, in greater depth, selected issues of relevance to the financial system:

• A Fundamental Review of Capital Charges Associated with Trading Activities
• Strengthening Bank Management of Liquidity Risk: The Basel III Liquidity Standards

10:30 (Eastern Time)

At 09:00 (ET), journalists are invited to review the Financial System Review, under embargo, at the Bank’s head office in Ottawa. (Please use the East Tower entrance at 245 Sparks Street and have your press card with you.) The embargo will be lifted at 10:30 (ET).

For security reasons, those wishing to attend the lock-up must confirm their presence by calling Jeremy Harrison at 613 782-8782 before noon on Wednesday, 7 December 2011.

There will be no briefing session for this event.

The Financial System Review will be available at 10:30 (ET):

• on the Bank's website.

For more information, please contact Jeremy Harrison at 613 782-8782 or jharrison@bankofcanada.ca.