IDEAS home Printed from https://ideas.repec.org/p/bca/bocsap/26-37.html

Non-bank financial intermediation: Canada’s submission to the 2025 global monitoring report

Author

Listed:
  • Thomas Thorn
  • Sylvia Xie

Abstract

The global non-bank financial intermediation (NBFI) sector has grown significantly since the 2008–09 global financial crisis. Because of this growth, the Financial Stability Board (FSB) established in 2016 the Non-bank Monitoring Experts Group, which collects data annually from 29 jurisdictions and produces the Global Monitoring Report on Non-Bank Financial Intermediation (GMR) (Financial Stability Board 2024). The GMR summarizes growth in the NBFI sector and key subsectors in each jurisdiction. The Bank of Canada works closely with Statistics Canada, the Ontario Securities Commission and the Office of the Superintendent of Financial Institutions to compile Canadian data for the GMR. We share insights from data from 2002 to 2024 that the Bank has collected and submitted to the FSB for inclusion in the GMR. Although we provide context for recent developments, we do not present the Bank’s overall assessment of vulnerabilities related to either Canadian NBFI entities or more general activity in core financial markets. The Bank’s Financial Stability Report—2026 contains the most recent assessment of vulnerabilities associated with the NBFI sector.

Suggested Citation

  • Thomas Thorn & Sylvia Xie, 2026. "Non-bank financial intermediation: Canada’s submission to the 2025 global monitoring report," Staff Analytical Papers 2026-37, Bank of Canada.
    • Handle: RePEc:bca:bocsap:26-37
    DOI: 10.34989/sap-2026-37
    as

    Download full text from publisher

    File URL: https://doi.org/10.34989/sap-2026-37
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.34989/sap-2026-37?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G - Financial Economics
    • G2 - Financial Economics - - Financial Institutions and Services
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bca:bocsap:26-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bocgvca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.