OTTAWA – The June issue of the Financial System Review will be released on Thursday, 8 June 2017.

Description

The Financial System Review (FSR) features the following sections:

Assessment of Vulnerabilities and Risks: This section of the FSR summarizes the Governing Council’s judgment on the main vulnerabilities and risks to the stability of the Canadian financial system and highlights the efforts of the Bank and other Canadian and international regulatory authorities to mitigate those risks. After a brief survey of macrofinancial conditions, the principal vulnerabilities and risks are examined. The focus of the FSR is an assessment of the downside risks rather than the most likely future path for the financial system.

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

  • Using Market-Based Indicators to Assess Banking System Resilience
  • Canada’s International Investment Position: Benefits and Potential Vulnerabilities
  • Project Jasper: Are Distributed Wholesale Payment Systems Feasible Yet?
Time

10:30 (Eastern Time)

Lock-Up

At 8:30 (ET), journalists are invited to review the Financial System Review, under embargo, at the Bank’s head office in Ottawa (please use the Bank of Canada Museum entrance, located at 30 Bank Street, on the corner of Bank and Wellington), and at the regional offices in Toronto (150 King Street West, Conference Room) and Montréal (1501 McGill College Avenue, Salle Bernard-Bonin). Please be sure to have your press card with you.

For security reasons, those wishing to attend must confirm their presence by calling Media Relations at 613-782-8782 before noon (ET) on Wednesday, 7 June 2017. Journalists who have not registered WILL NOT BE ADMITTED to the lock-up.

At 09:00 (ET), senior Bank officers will provide background information and respond to questions on the content of the FSR. Information gathered at the session may be used freely in news reports and commentaries, provided it is not attributed to the Bank or its officers. Electronic recording is not permitted.

At 10:30 (ET), the lock-up ends and the embargo is lifted.

Distribution

The Financial System Review will be available:

  • at 10:30 (ET) on the Bank’s website
  • between 10:30 and 11:30 (ET) on CNW Group
Press Conference

At 11:15 (ET), Stephen S. Poloz, Governor of the Bank of Canada, will hold a press conference at the National Press Theatre, 150 Wellington Street, Ottawa. He will be accompanied by Senior Deputy Governor Carolyn A. Wilkins.

Webcast

Audio and video webcasts of the press conference will be accessible from the Bank’s website.

Note

For more information, please contact Media Relations at 613-782-8782.