Canada: Financial Sector Assessment Program-Technical Note on Crisis Preparedness and Safety Nets

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2025 Issue 232

Publication date: August 2025

ISBN: 9798229021692

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Insurance , Financial regulation and supervision , Bank resolution framework , Financial sector stability , Crisis management , Credit unions , Crisis resolution , Crisis prevention , Insurance companies , Deposit insurance , Lender of last resort , Crisis management framework

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Summary

The Canadian financial system has been remarkably stable for a long time. The country’s institutional and legal framework has been able to appropriately manage cyclical downturns, global instability episodes, and idiosyncratic shocks in recent decades. Preparedness and the good standing of safety nets remain a priority for the authorities, both federal and provincial.