000	02153nam  2200313za 4500
001	9.819338
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008	160613s2016    oncd    ob   f000 0 eng d
040	|aCaOODSP|beng
041	|aeng|bfre
043	|an-cn---
086	1 |aFB3-7/2016-5E-PDF
100	1 |aMacDonald, Cameron.
245	10|aImplementing market-based indicators to monitor vulnerabilities of financial institutions |h[electronic resource] / |cby Cameron MacDonald, Maarten van Oordt and Robin Scott.
260	|a[Ottawa] : |bBank of Canada, |cc2016.
300	|aiii, 11 p. : |bill.
490	1 |aStaff analytical note, |x2369-9639 ; |v2016-5
500	|a"June 2016."
504	|aIncludes bibliographic references.
520	3 |aThis note introduces several market-based indicators and examines how they can further inform the Bank of Canada’s vulnerability assessment of Canadian financial institutions. Market-based indicators of leverage suggest that the solvency risk for major Canadian banks has increased since the beginning of the oil-price correction in the second half of 2014. This is in contrast to accounting-based leverage measures, which indicate a stable or improving trend. Similarly, measures of insolvency risk contingent on severe financial stress (i.e., market-based stress tests) indicate that the major banks are currently more vulnerable to a sudden adverse shock than they were in the summer of 2014. Finally, a measure of financial system interconnectedness and common exposures suggests a strong link between the major banks and the rest of the financial system, as expected. In other financial subsectors, the degree of interconnectedness has exhibited an upward trend over the last two decades.
692	07|2gccst|aFinancial institutions
692	07|2gccst|aEconomic indicators
700	1 |aScott, Robin.
700	1 |aVan Oordt, Maarten R. C.
710	2 |aBank of Canada.
830	#0|aStaff analytical note,|x2369-9639 ; |v2016-5|w(CaOODSP)9.807323
856	40|qPDF|s565 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-7-2016-5-eng.pdf