Arbeitspapier
Lessons from the financial crisis: Bank performance and regulatory reform
The financial systems of some countries fared materially better than others during the global financial crisis of 2007-09. The performance of the Canadian banking system during this period was relatively strong. Using a case study approach together with empirical analysis, we assess some of the factors that contributed to this favourable outcome with a view to drawing useful lessons for regulatory reform. We argue that an important contributor to positive bank performance was a solid approach to risk management on the part of the Canadian banking system, an approach that was actively fostered by the domestic authorities. Efforts to buttress risk management were favourably influenced by several stressful yet instructive episodes in Canadian financial history. The 2007-09 crisis experience suggests a need to make risk management a pervasive element of financial system culture and emphasizes the importance of robust liquidity management.
- Sprache
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Englisch
- Erschienen in
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Series: Bank of Canada Discussion Paper ; No. 2013-4
- Klassifikation
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Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
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Financial institutions
Financial system regulation and policy
- Ereignis
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Geistige Schöpfung
- (wer)
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Arjani, Neville
Paulin, Graydon
- Ereignis
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Veröffentlichung
- (wer)
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Bank of Canada
- (wo)
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Ottawa
- (wann)
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2013
- DOI
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doi:10.34989/sdp-2013-4
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Arjani, Neville
- Paulin, Graydon
- Bank of Canada
Entstanden
- 2013