8  See C. Borio and M. Drehmann, “Assessing the Risk of Banking Crises - Revisited,” BIS Quarterly Review (March 2009): 29–46. Also see A. Foglia, “Stress Testing Credit Risk: A Survey of Authorities’ Approaches,” International Journal of Central Banking 5, no. 3 (2009): 9–45.
BIS central bankers’ speeches  5  Obviously, quantitative measures alone will never be enough to get a complete picture, especially since the financial system evolves rapidly. Intelligence gathered from discussions with the financial sector, as well as information shared with other policy-makers and supervisors here in Canada and in the international community, will always be critical to the overall assessment of the risks.