Third, Canada has clear and credible recovery and resolution mechanisms, including lenderof-last-resort policies, a deposit insurance scheme with risk-weighted premiums, and bridgebanking powers that enable the rapid closure of failing institutions and the swift re-opening of their viable operations.
In its most recent budget, the federal government announced it will consult stakeholders on how best to implement a bail-in regime to recapitalize failing  6  D. Leung and S. Cao, “The Changing Pace of Labour Reallocation in Canada: Causes and Consequences,” Bank of Canada Review (Summer 2009): 31–41.