New policies needed to limit the incidence and impact of systemic risk
Banks told to incorporate adverse outcomes in their planning
Businesses could feel impact of stimulus measures as soon as April
Leadership needed at international level to detect and respond to risks
Canadian household credit in January up 9.6% over last year
Toxic assets are concentrated in large financial institutions
TALF to provide financing to investors to support their purchases of certain AAA-rated asset-backed securities
Banks and insurers should use market prices in most circumstances
Editorial
Fair value accounting is not working effectively