Bank of Canada aims to Develop Stress Test Framework
The Bank of Canada plans to develop a framework for stress tests that will incorporate different sectors of the financial system to enhance its contribution to macroprudential oversight in Canada, Deputy Governor Lawrence Schembri said on Friday.
In a speech focused on what central banks can do to contribute to financial stability, Schembri said the system-wide framework would cover banking, insurance and investment funds, as well as financial markets and financial infrastructures.
