Canada:Central Bank Transparency Code Review

Author: International Monetary Fund. Monetary and Capital Markets Department

Central Bank Transparency Code Review

Volume/Issue: Volume 2022 Issue 318

Publication date: September 2022

ISBN: 9798400221248

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , Banks and Banking , Finance , Money and Monetary Policy , Public Finance , IMF central bank Transparency Code , climate change Work , term liquidity facility , CBT Review , International Monetary Fund publication service , Financial sector stability , Financial statements , International reserves , Internal audit , Lender of last resort , Global

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Summary

The Bank of Canada (BOC) sets a high benchmark for transparency, which is recognized by its stakeholders, thus maintaining a high level of trust and accountability. The BOC’s transparency practices are broadly aligned with expanded and comprehensive practices as defined by the IMF Central Bank Transparency Code (see Table 1). This is acknowledged by the BOC’s external stakeholders, who view the central bank as an open, dynamic, and transparent public institution.