An efficient and effective financial system facilitates strong economic growth. Ensuring the continued provision of financial services — that is, maintaining the stability of the financial system — is therefore key. This special report focuses on this stability objective and draws from the Centre for International Governance Innovation's research of international best practice to offer suggestions on how Canada can build on the strengths of its governance regime to further bolster its financial stability policy framework. Implementing these recommendations would greatly contribute to bolstering the financial sector’s resilience to adverse and unexpected shocks that will inevitably emerge from various sources.
Samuel Howorth is a CIGI research associate with the Global Economy Program, having first joined the organization in August 2014 as a research assistant. He has an M.A. in economics from the University of Toronto, and a B.A. (honours) in economics from Wilfrid Laurier University, with elective concentration on computer science.
Pierre Siklos is a CIGI senior fellow. His research interests include applied time series analysis and monetary policy, with a focus on inflation and financial markets.