BoC Financial System Survey: Confidence in financial system was at multi-year highs before US crisis

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BoC Financial System Survey: Confidence in financial system was at multi-year highs before US crisis
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BoC Financial System Survey: Confidence in financial system was at multi-year highs before US crisis – by MSalordFX BOC CentralBanks

“Respondents believe the risk of a shock that could impair the Canadian financial system has decreased since the last survey. Their confidence in the resilience of the Canadian financial system is at its highest since the first FSS in 2018.”

“Respondents would meet increases in margin requirements smaller than those anticipated in stress tests primarily by pledging assets and cash on hand. If increases in margin requirements were larger than those produced from stress tests, respondents would rely more on other funding sources to raise cash in addition to pledging assets and cash on hand.”Information on these pages contains forward-looking statements that involve risks and uncertainties.

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