Home » Canada: Financial Sector Assessment Program - Detailed Assessment of Observance of the Cpss/Iosco Recommendations for Securities Settlement Systems by International Monetary Fund
Canada: Financial Sector Assessment Program - Detailed Assessment of Observance of the Cpss/Iosco Recommendations for Securities Settlement Systems International Monetary Fund

Canada: Financial Sector Assessment Program - Detailed Assessment of Observance of the Cpss/Iosco Recommendations for Securities Settlement Systems

International Monetary Fund

Published February 13th 2008
ISBN : 9786613742841
ebook
42 pages
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 About the Book 

1. Canadian banks have been relatively resilient to the ongoing credit turmoil. The effect of the turmoil on the Canadian financial system is, so far, milder than in other G7 economies. Interbank money markets remained functional. No injections ofMore1. Canadian banks have been relatively resilient to the ongoing credit turmoil. The effect of the turmoil on the Canadian financial system is, so far, milder than in other G7 economies. Interbank money markets remained functional. No injections of public capital into banks were necessary. The resilience appears particularly striking given the close economic and financial links between Canada and the United States.