With an expanded set of tools, the Bank of Canada will continue to support the stability and efficiency of the financial system and thus contribute to the well-being of Canadians. 12  BIS Review 101/2008
Earlier detection of deviations from expectations leads to earlier corrective actions by bank managers and, as necessary, by bank supervisors. Better methods for measuring credit risk have also spurred growth in secondary markets for weak or problem assets, which have provided banks with a firmer, sounder basis for valuing these credits and an outlet for selling them and limiting future loss.