ECON 3430 Study Guide - Quiz Guide: Canada Deposit Insurance Corporation, Financial Regulation, United States Foreign Intelligence Surveillance Court

• School: York University
• Department: Economics
• Course: ECON 3430
• Professor: Brenda Spotton- Visano

Document Summary

Regulation of the canadian financial system (article 7) The 2007-09 global financial crisis underscored the importance of financial regulation and surveillance not only for the soundness of individual financial institutions, but also for the stability of the financial system as a whole. Indeed, attention has focused on ways to better identify, evaluate and mitigate risks, both nationally and internationally, and increasingly, the emphasis has been on a system-wide approach. In canada, such an approach is the shared responsibility of the department of finance and other federal financial regulatory authorities, including the bank of canada, the office of the. Superintendent of financial institutions (osfi) and the canada deposit insurance. Ultimately, it is the minister of finance who is responsible for the sound stewardship of the financial system. Canada"s shared system of financial regulation and supervision proved valuable during the recent global financial crisis. The supervision of federally regulated financial institutions is conducted by the office of the.