摘要：The continuous operation of financial market infrastructures (FMIs),including payment clearing and settlement systems, is crucial to theCanadian financial system and the economy more broadly. The Bank of Canada, in cooperation with federal and provincial authorities,has developed a resolution regime for FMIs that will protect criticalservices and avoid the need for a public bailout in the highly unlikelyevent of an FMI failure. This work is part of the G20 commitment to establish effective resolutionregimes for systemically important institutions such as banks, insurancecompanies and FMIs. The Bank will become the resolution authority for FMIs. It will coordinateFMI resolution planning in normal times with provincial and federalauthorities. Should a crisis materialize with an FMI, the Bank will taketimely actions to preserve financial stability. Developing appropriate mechanisms to facilitate coordination both beforeand after a resolution event, as well as sharing sensitive informationamong authorities, will be a priority.
