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| 02153cam 2200313za 4500 |
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001 | 9.819338 |
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003 | CaOODSP |
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005 | 20221107142934 |
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007 | cr ||||||||||| |
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008 | 160613s2016 oncd ob f000 0 eng d |
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040 | |aCaOODSP|beng |
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041 | |aeng|bfre |
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043 | |an-cn--- |
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086 | 1 |aFB3-7/2016-5E-PDF |
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100 | 1 |aMacDonald, Cameron. |
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245 | 10|aImplementing market-based indicators to monitor vulnerabilities of financial institutions |h[electronic resource] / |cby Cameron MacDonald, Maarten van Oordt and Robin Scott. |
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260 | |a[Ottawa] : |bBank of Canada, |cc2016. |
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300 | |aiii, 11 p. : |bill. |
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490 | 1 |aStaff analytical note, |x2369-9639 ; |v2016-5 |
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500 | |a"June 2016." |
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504 | |aIncludes bibliographic references. |
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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. |
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692 | 07|2gccst|aFinancial institutions |
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692 | 07|2gccst|aEconomic indicators |
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700 | 1 |aScott, Robin. |
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700 | 1 |aVan Oordt, Maarten R. C. |
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710 | 2 |aBank of Canada. |
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830 | #0|aStaff analytical note,|x2369-9639 ; |v2016-5|w(CaOODSP)9.807323 |
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856 | 40|qPDF|s565 KB|uhttps://publications.gc.ca/collections/collection_2016/banque-bank-canada/FB3-7-2016-5-eng.pdf |
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