Format:
1 Online-Ressource (circa 86 Seiten)
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Illustrationen
ISBN:
9781498321112
Series Statement:
IMF country reports 19, 177
Content:
This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities-notably, elevated household debt and housing market imbalances-remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks' overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections
Additional Edition:
Erscheint auch als Druck-Ausgabe Canada: Financial System Stability Assessment Washington, D.C. : International Monetary Fund, 2019 ISBN 9781498321112
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781498321112.002
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