Third, as the country's "lender of last resort," the Bank of Canada can step in to provide "Emergency Lending Assistance" to a solvent bank (or to other deposit-taking institutions covered by our policy) in the event of a serious liquidity problem. This kind of lending is aimed at preventing a loss of confidence in a solvent financial institution, as well as any spillover effects.
And fourth, we promote the stability and efficiency of the Canadian financial system by working in close co-operation with federal and provincial regulators, and public sector partners, and as a member of international bodies to strengthen the financial system worldwide.