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The Bank of Canada releases the Financial System Review

OTTAWA – The Financial System Review will be released on Thursday, May 20, 2021.


The Financial System Review (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.


10:00 (Eastern Time)


There will be no lock-up for this event.

Media Briefing Session

There will be no briefing session for this event.


The Financial System Review will be available at 10:00 (ET) on the Bank’s website.

Media Availability

At 11:00 (ET), Tiff Macklem, Governor of the Bank of Canada, will hold a press conference via teleconference only.

Reporters will not be able to attend in person. Accredited journalists who wish to ask questions by telephone must contact for dial-in information before noon (ET) on Wednesday, May 19. The opening statement will be available on the Bank’s website at 11:00 (ET).


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


For more information, please contact .

Content Type(s): Press, Media advisories

Related information

May 20, 2021

Press Conference: Financial System Review – May 2021

Release of the Financial System Review — Press conference by Governor Tiff Macklem. (11:00 (ET) approx.).