Financial Regulatory Forum

Canada’s financial system vulnerable to overheated housing market, central bank says

By Daniel Seleanu, Compliance Complete

TORONTO, July 1, 2014 (Thomson Reuters Accelus) - Canada’s overheated housing market represents a significant risk to the stability of its financial system, the country’s central bank has warned.

In its recently released Financial System Review (FSR) (PDF), the Bank of Canada (BOC) warned that while the system was stable overall, it remained vulnerable to several risks that could trigger a disorderly market correction. The economic and financial consequences of such a correction would be severe, the BOC predicted.  (more…)

G20 to talk currencies, ‘moral hazard’ – Canada

TORONTO, Nov 2 (Reuters) – The G20 finance ministers and central bankers meeting this weekend will discuss foreign exchange rates and the perils of designating some banks as “too big to fail,” Canadian Finance Minister Jim Flaherty said on Monday.

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Bank of Canada raps finance industry, says G20 determined to reshape

Bank of Canada Governor Mark Carney speaks during a news conference upon the release of the Monetary Policy Report in Ottawa October 22, 2009.  (File Photo) REUTERS/Chris Wattie       (CANADA BUSINESS POLITICS)   MONTREAL, Oct 26 (Reuters) – Bank of Canada Governor Mark Carney delivered a blunt rebuke to the global financial industry on Monday, saying it had shown insensitivity over high compensation and calling on it to get on board with reforms.

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France, China worry about U.S. dollar weakness

By Gertrude Chavez-Dreyfuss and Emmanuel Jarry
NEW YORK/PARIS, Oct 20 (Reuters) – France said on Tuesday the euro at $1.50 was a disaster for Europe and joined China in worrying that a weak U.S. dollar would stoke inflation.

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