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A primer on the Canadian bankers' acceptance market

McRae, Kaetlynd; Auger, Danny - 2018

This paper discusses how the bankers' acceptance (BA) market in Canada is organized and its essential link to the Canadian Dollar Offered Rate (CDOR). Globally, BAs are a niche product used only in a limited number of jurisdictions. In Canada, BAs provide a key source of funding for small and...

Persistent link: https://www.econbiz.de/10012029819

Prudential liquidity regulation in banking: A literature review

Mordel, Adi - 2018

Prudential liquidity requirements are a relatively recent regulatory tool on the international front, introduced as part of the Basel III accord in the form of a liquidity coverage ratio (LCR) and a net stable funding ratio (NSFR). I first discuss the rationale for regulating bank liquidity by...

Persistent link: https://www.econbiz.de/10012029821

Government of Canada fixed-income market ecology

Berger-Soucy, Léanne; Garriott, Corey; Usche, André - 2018

This discussion paper is the third in the Financial Markets Department's series on the structure of Canadian financial markets. These papers are called "ecologies" because they study the interactions among market participants, infrastructures, regulations and the terms of the traded contract...

Persistent link: https://www.econbiz.de/10012029823

Non-bank financial intermediation in Canada: An update

Bédard-Pagé, Guillaume - 2019

Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not...

Persistent link: https://www.econbiz.de/10012029833

Fintech: Is this time different? A framework for assessing risks and opportunities for central banks

Aaron, Meyer; Rivadeneyra, Francisco; Sohal, Samantha - 2017

We investigate the risks and opportunities to the mandates of central banks arising from fintech developments. Fintech may affect the different areas of responsibility of central banks - mainly monetary policy and financial stability - by changing money demand and by changing the industrial...

Persistent link: https://www.econbiz.de/10012029840

Johnston, Craig; Vallée, Geneviève; Hosseini, Hossein; … - 2023

We assess the potential financial risks of current and projected flooding caused by extreme weather events in Canada. We focus on the residential real estate secured lending (RESL) portfolios of Canadian financial institutions (FIs) because RESL portfolios are an important component of FIs'...

Persistent link: https://www.econbiz.de/10014541735

Procyclicality in central counterparty margin models: A conceptual tool kit and the key parameters

Odabasioglu, Alper - 2023

mitigate procyclicality, the focus should be on the key parameters for both the margin model and the APC tools. One widely … procyclicality with this tool, the main focus should not be on the calibration of its stressed margin level, but rather on the weight … procyclicality, and for CCPs to appropriately design and calibrate their margin systems and procyclicality frameworks. To further …

Persistent link: https://www.econbiz.de/10014541739

Stablecoins and their risks to financial stability

MacDonald, Cameron; Zhao, Laura - 2022

The market for fiat-referenced cryptoassets, commonly known as stablecoins, has expanded rapidly in recent years alongside the growth of the cryptoasset ecosystem. In fact, the market capitalization of stablecoins increased by more than 30 times since the beginning of 2020. What risks could...

Persistent link: https://www.econbiz.de/10014541744

Understanding the systemic implications of climate transition risk: Applying a framework using Canadian financial system data

Bruneau, Gabriel; Ojea-Ferreiro, Javier; Plummer, Andrew; … - 2023

Our study aims to gain insight on financial stability and climate transition risk. We develop a methodological framework that captures the direct effects of a stressful climate transition shock as well as the indirect - or systemic - implications of these direct effects. We apply this framework...

Persistent link: https://www.econbiz.de/10014541754

Central bank crisis interventions: A review of the recent literature on potential costs

Aldridge, Patrick; Cimon, David A.; Vala, Rishi - 2023

Central banks may engage in large-scale lending and asset purchases to stabilize financial markets and implement monetary policy during crises. The ability of these actions to restore financial market functioning is well documented; however, they come with costs. We provide a literature review of...

Persistent link: https://www.econbiz.de/10014541787