publication . Preprint . Article . 2014

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

null International Monetary Fund;
Open Access
  • Published: 07 Mar 2014
Abstract
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.
Subjects
free text keywords: Banking sector;Bank supervision;Canada;Bank regulations;Financial Sector Assessment Program;mortgage, residential mortgage, mortgage loan, mortgage loans, mortgages
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