The Bank is working intensively with the Office of the Superintendent of Financial Institutions (OSFI) at the Basel Committee on the design of new international capital and liquidity standards. The Bank collaborates closely with the Department of Finance and discusses with federal agencies, as required, to monitor evolving risks and take appropriate actions.
The Bank’s ongoing research and analysis of the financial system, including the work I have discussed today, is an important element of our commitment to helping ensure Canada has a resilient, secure financial system that enhances the economic and financial welfare of all Canadians.