CMHC Stress Testing Confirms Ability to Withstand Extreme Scenarios

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 11/17/16 -- In support of greater transparency with respect to risk management practices, CMHC released today the results of its 2016 stress testing exercise. None of the scenarios tested should be considered a prediction or a forecast.

"Stress testing involves searching out extreme scenarios that have a very remote chance of happening and planning for them," said Romy Bowers, CMHC's Chief Risk Officer. "Rigorous stress testing is an essential part of our risk management program and allows CMHC to evaluate its capital levels against these scenarios."

This year's tests confirm that CMHC's capital holdings are sufficient for even the most extreme scenarios.

In 2016, CMHC tested its mortgage loan insurance and securitization businesses against several extreme scenarios including:

Additional details on these scenarios are included in the backgrounder below.

The results of each scenario on CMHC's regulatory capital requirements (% MCT) are as follows:

Business resumption exercises involving participation across a number of departments are routinely carried out as part of CMHC`s stress testing program with results reported internally to senior management and the Board. Outcomes from the exercise are valuable towards development of effective business continuity plans ensuring CMHC`s continued ability to deliver on its mandate.

As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need and offers objective housing research and information to Canadian governments, consumers and the housing industry.

For more information, visit our website at or follow us on , , and .

BACKGROUNDER

Scenario Descriptions





Contacts:
Jonathan Rotondo
CMHC Media Relations
(613) 748-2734

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: Marketwired
Datum: 17.11.2016 - 12:00 Uhr
Sprache: Deutsch
News-ID 507714
Anzahl Zeichen: 0

contact information:
Town:

OTTAWA, ONTARIO

Kategorie:

Commercial Real Estate

Diese Pressemitteilung wurde bisher 254 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"CMHC Stress Testing Confirms Ability to Withstand Extreme Scenarios"
steht unter der journalistisch-redaktionellen Verantwortung von

Canada Mortgage and Housing Corporation (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Canadian Housing Starts Trend Increased in August ...

OTTAWA, ONTARIO -- (Marketwired) -- 09/11/17 -- Note to editors: There is a graph and two tables associated with this press release.The trend in housing starts was 219,447 units in August 2017, compared to 217,339 units in July 2017, according to Ca ...

CMHC Declares Special Dividend ...

OTTAWA, ONTARIO -- (Marketwired) -- 06/29/17 -- As part of its first quarter financial report, Canada Mortgage and Housing Corporation (CMHC) announced the implementation of a dividend framework. At the same time, CMHC announced its intention to dec ...

Northern Housing Report 2017 ...

CALGARY, ALBERTA -- (Marketwired) -- 06/22/17 -- According to Canada Mortgage and Housing Corporation's (CMHC) Northern Report released today, stronger economic conditions are expected to improve housing demand in Yellowknife and Whitehorse. In ...

Alle Meldungen von Canada Mortgage and Housing Corporation