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- Elevated household indebtedness, housing market imbalances and the potential for cyber attacks to disrupt the highly interconnected financial system remain the key vulnerabilities affecting the Canadian financial system.
For 2023, the Bank is no longer discussing financial system vulnerabilities and risks separately; these are now combined under several key areas of concern. This approach reduces repetition, improves readability and allows for a more concise and direct analysis of the nature and level of risk.
- Financial System Review—2022
The Canadian financial system remains resilient, but...
- Financial system
Assessing vulnerabilities and risks. The 2023 Financial...
- Financial System Review—2022
The Canadian financial system remains resilient, but vulnerabilities have become more complex and risks have grown. The Bank is carefully watching households’ high levels of mortgage debt, as well as the risks associated with a price correction in Canada’s housing market.
May 22, 2024 · The Office of the Superintendent of Financial Institution's (OSFI) Annual Risk Outlook (ARO) for 2024 to 2025 includes an overview of the current risk environment, providing context for the top risks the Canadian financial system faces.
Nov 9, 2023 · Assessing vulnerabilities and risks. The 2023 Financial System Review (FSR) presented the Bank’s assessment of key vulnerabilities and risks to the financial system. Its theme in 2023 was the adjustment to large increases in interest rates.
Jan 18, 2024 · Each type of risk can affect Canada’s financial system. Here are a few examples: Physical risk. Climate-related events could cause: a negative effect on a financial institution’s operations if its real estate or infrastructure are damaged; insurance companies may face a higher number of claims for property damage
Feb 8, 2021 · TORONTO, Feb. 8, 2021 /CNW/ – Economic risk and cyber risk topped the list of challenges for the Canadian financial system in 2021, closely followed by climate change, the pandemic and credit risk, according to the GRI Risk Outlook, an annual survey of leading financial institutions that are members of the Global Risk Institute (GRI).
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May 15, 2023 · Risk management experts believe the likelihood of a shock that could impair the Canadian financial system has decreased since last year, but concern remains around geopolitical tensions, high...