Financial stability - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T08:58:06+00:00Who Pays? CCP Resource Provision in the Post-Pittsburgh World
https://www.bankofcanada.ca/2017/12/staff-discussion-paper-2017-17/
At the Pittsburgh Summit in 2009, G20 countries announced their commitment to clear all standardized over-the-counter (OTC) derivatives through central counterparties (CCPs). Since then, CCPs have become increasingly important and there has been an extensive program of regulatory enhancements to both them and OTC derivatives markets.2017-12-20T10:00:47+00:00enWho Pays? CCP Resource Provision in the Post-Pittsburgh World2017-12-20Financial marketsFinancial stabilityFinancial system regulation and policiesStaff Discussion Paper 2017-17https://www.bankofcanada.ca/wp-content/uploads/2017/12/sdp2017-17.pdfWho Pays? CCP Resource Provision in the Post-Pittsburgh WorldJorge Cruz LopezMark ManningDecember 2017GG0G01G2G28Credit Risk Transfer and Bank Insolvency Risk
https://www.bankofcanada.ca/2017/12/staff-working-paper-2017-59/
The present paper shows that, everything else equal, some transactions to transfer portfolio credit risk to third-party investors increase the insolvency risk of banks. This is particularly likely if a bank sells the senior tranche and retains a sufficiently large first-loss position.2017-12-19T14:37:59+00:00enCredit Risk Transfer and Bank Insolvency Risk2017-12-19Credit risk managementFinancial institutionsFinancial stabilityStaff Working Paper 2017-59https://www.bankofcanada.ca/wp-content/uploads/2017/12/swp2017-59.pdfCredit Risk Transfer and Bank Insolvency RiskMaarten van OordtDecember 2017GG2G21G28G3G32Recent Evolution of Canada’s Credit-to-GDP Gap: Measurement and Interpretation
https://www.bankofcanada.ca/2017/12/staff-analytical-note-2017-25/
Over the past several years, the Bank for International Settlements has noted that Canada’s credit-to-GDP gap has widened and is above thresholds indicating future banking stress.2017-12-18T11:08:43+00:00enRecent Evolution of Canada’s Credit-to-GDP Gap: Measurement and Interpretation2017-12-18A Barometer of Canadian Financial System Vulnerabilities
https://www.bankofcanada.ca/2017/12/staff-analytical-note-2017-24/
This note presents a composite indicator of Canadian financial system vulnerabilities—the Vulnerabilities Barometer. It aims to complement the Bank of Canada’s vulnerabilities assessment by adding a quantitative and synthesized perspective to the more granular (distributional) analysis presented in the Financial System Review.2017-12-18T10:27:38+00:00enA Barometer of Canadian Financial System Vulnerabilities2017-12-18Three Things Keeping Me Awake at Night
https://www.bankofcanada.ca/2017/12/three-things-keeping-me-awake-at-night/
Governor Stephen S. Poloz discusses his long-term economic preoccupations now that the Canadian economy has nearly completed its journey home.2017-12-14T12:26:28+00:00Three Things Keeping Me Awake at Night2017-12-14Stephen S. PolozRelease of the Financial System Review
https://www.bankofcanada.ca/2017/11/opening-statement-281117/
Press conference following the release of the Financial System Review.2017-11-28T11:30:17+00:00Release of the Financial System Review2017-11-28Stephen S. PolozShoring Up the Foundations for a More Resilient Banking System: The Development of Basel III
https://www.bankofcanada.ca/wp-content/uploads/2017/11/fsr-november2017-gomes.pdf
The authors trace the development of the Basel III standards for banking regulation. Basel III builds on two earlier frameworks, in response to weaknesses revealed during the global financial crisis. They highlight how implementation of the standards will underpin greater financial stability and provide a sound foundation for economic growth.2017-11-28T08:09:18+00:00enShoring Up the Foundations for a More Resilient Banking System: The Development of Basel III2017-11-28Optimal Interbank Regulation
https://www.bankofcanada.ca/2017/11/staff-working-paper-2017-48/
Recent years have seen renewed interest in the regulation of interbank markets. A review of the literature in this area identifies two gaps: first, the literature has tended to make ad hoc assumptions about the interbank contract space, which makes it difficult to generate convincing policy prescriptions; second, the literature has tended to focus on ex-post interventions that kick in only after an interbank disruption has come underway (e.g., open-market operations, lender-of-last-resort interventions, bail-outs), rather than ex-ante prudential policies.2017-11-20T10:18:40+00:00enOptimal Interbank Regulation2017-11-20Financial stabilityFinancial system regulation and policiesStaff Working Paper 2017-48https://www.bankofcanada.ca/wp-content/uploads/2017/11/swp2017-48.pdfOptimal Interbank RegulationThomas J. CarterNovember 2017GG0G01G2G20An Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations
https://www.bankofcanada.ca/wp-content/uploads/2017/11/boc-review-autumn2017-mcrae.pdf
The Bank of Canada made changes to several of the tools that make up its framework for operations and liquidity provision. These changes came about after a comprehensive re-view of the framework and are designed to help the Bank better achieve its objectives of reinforcing the target for the overnight rate and supporting the well-functioning of Cana-dian financial markets under normal market conditions.2017-11-16T11:21:22+00:00enAn Initial Assessment of Changes to the Bank of Canada’s Framework for Market Operations2017-11-16Policy Rules for Capital Controls
https://www.bankofcanada.ca/2017/10/staff-working-paper-2017-42/
This paper attempts to borrow the tradition of estimating policy reaction functions in monetary policy literature and apply it to capital controls policy literature. Using a novel weekly dataset on capital controls policy actions in 21 emerging economies over the period 1 January 2001 to 31 December 2015, I examine the mercantilist and macroprudential motivations for capital control policies.2017-10-05T08:53:59+00:00enPolicy Rules for Capital Controls2017-10-05Exchange rate regimesFinancial stabilityFinancial system regulation and policiesInternational topicsStaff Working Paper 2017-42https://www.bankofcanada.ca/wp-content/uploads/2017/10/swp2017-42.pdfPolicy Rules for Capital ControlsGurnain PasrichaOctober 2017FF3F4F5GG0G1