It’s a pleasure for Senior Deputy Governor Wilkins and me to be with you today to talk about the December issue of the Bank’s Financial System Review (FSR), which we published this morning. Let me take a moment to give some context for this report.
The FSR highlights key financial vulnerabilities and some potential triggers that could turn those vulnerabilities into risks to the stability of Canada’s financial system. The FSR is an essential complement to our Monetary Policy Report – together, these two reports give the basis for a complete discussion of monetary policy within our risk-management framework.