UPDATE 1-Bank of Canada aims to develop stress test framework

May 6, 2016 4:14 PM

25 0

OTTAWA May 6 The Bank of Canada plans to develop a framework for stress tests that will incorporate different sectors of the financial system to enhance its contribution to macroprudential oversight in Canada, Deputy Governor Lawrence Schembri said on Friday.

In a speech focused on what central banks can do to contribute to financial stability, Schembri said the system-wide framework would cover banking, insurance and investment funds, as well as financial markets and financial infrastructures.

Also read: Mexico central bank estimates hackers hit about $15 million

Read more

To category page