02360cas a2200241 a 4500 AALejournalIMF016178 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513527116 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Canada : Financial Sector Assessment Program-Technical Note-Stress Testing and Financial Stability Analysis. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (166 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper on Financial Safety Net and Crisis Management for the Canada reviews the stress testing and financial stability analysis. The paper highlights that the financial system's performance has been strong. The insurance sector has remained financially sound even in the low interest rate environment. Major banks, life insurers, and pension funds have expanded their footprints abroad. Canada has strong financial linkages with the United States. Macrofinancial vulnerabilities-notably, elevated household indebtedness and housing market imbalances-remain substantial, posing financial stability concerns. Major deposit-taking institutions would be able to manage severe macrofinancial shocks; however, mortgage insurers would probably need additional capital. Major deposit-taking institutions also hold enough liquidity buffers to withstand sizeable funding outflows. However, increased balance sheet complexity and reliance on wholesale and foreign exchange funding, and the extensive use of derivatives are some areas of concern that would warrant closer monitoring by the competent authorities and a more comprehensive quality assurance in the context of supervisory or macroprudential stress testing exercise. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/016 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/016/002.2020.issue-016-en.xml IMF e-Library