REC Q1 FY22 PAT climbs 22% to Rs 2,247 cr business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Securities Lending: Staying in prime position | Thought Leaders globalinvestorgroup.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalinvestorgroup.com Daily Mail and Mail on Sunday newspapers.
By Bill Thornhill
12.00 PM
The Covid-19 pandemic caused severe disruption to financial markets in 2020-2021. During this difficult time, the Bank of Canada and the Office of the Superintendent of Financial Institutions took a number of actions to build resilience and improve the stability of the Canadian financial system. Federally regulated financial institutions were, among other things, permitted the privilege to pledge covered bonds with the central bank, which provided access to long-term repos and benefited from preferential regulatory treatment of loans subject to payment deferrals.
Recent first quarter results have shown that the Canadian banks have so far managed the crisis admirably. However, the pandemic has left some key questions regarding their balance sheets.