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Non-Bank Financial Intermediation in Canada: An Update

Author

Listed:
  • Guillaume Bédard-Pagé
Abstract
Non-bank financing provides an important funding source for the economy and is a valuable alternative to traditional banking. It helps enhance the efficiency and resiliency of the financial system while giving customers more choices for their financial services. Unlike banking, it is not prudentially regulated. The Bank of Canada regularly monitors entities and activities classified in non-bank financial intermediation, particularly those that involve a material degree of maturity, liquidity and credit transformation, a potential source of systemic risk. In this paper, we provide an update of our monitoring in this area, including insights obtained from new data sources.

Suggested Citation

  • Guillaume Bédard-Pagé, 2019. "Non-Bank Financial Intermediation in Canada: An Update," Discussion Papers 2019-2, Bank of Canada.
    • Handle: RePEc:bca:bocadp:19-2
    as

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    References listed on IDEAS

    as
    1. Rohan Arora & Nadeem Merali & Guillaume Ouellet Leblanc, 2018. "Did Canadian Corporate Bond Funds Increase their Exposures to Risks?," Staff Analytical Notes 2018-7, Bank of Canada.
    2. Corey Garriott & Kyle Gray, 2016. "Canadian Repo Market Ecology," Discussion Papers 16-8, Bank of Canada.
    3. Rohan Arora, 2018. "Redemption Runs in Canadian Corporate Bond Funds?," Staff Analytical Notes 2018-21, Bank of Canada.
    4. Olga Bilyk & Maria teNyenhuis, 2018. "The Impact of Recent Policy Changes on the Canadian Mortgage Market," Staff Analytical Notes 2018-35, Bank of Canada.
    5. Meyer Aaron & Francisco Rivadeneyra & Samantha Sohal, 2017. "Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks," Discussion Papers 17-10, Bank of Canada.
    6. Guillaume Ouellet Leblanc & Rohan Arora, 2018. "How do Canadian Corporate Bond Mutual Funds Meet Investor Redemptions?," Staff Analytical Notes 2018-14, Bank of Canada.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Rohan Arora & Guillaume Bédard-Pagé & Guillaume Ouellet Leblanc & Ryan Shotlander, 2019. "Could Canadian Bond Funds Add Stress to the Financial System?," Staff Analytical Notes 2019-9, Bank of Canada.
    2. Charles Gaa & Xuezhi Liu & Cameron MacDonald & Xiangjin Shen, 2019. "Assessing the Resilience of the Canadian Banking System," Staff Analytical Notes 2019-16, Bank of Canada.

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    More about this item

    Keywords

    Financial Institutions; Financial markets; Financial stability;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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