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.
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BACKGROUNDER
Scenario Descriptions
Contacts:
Jonathan Rotondo
CMHC Media Relations
(613) 748-2734
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Datum: 17.11.2016 - 06:00 Uhr
Sprache: Deutsch
News-ID 1470693
Anzahl Zeichen: 1658
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OTTAWA, ONTARIO
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Commercial Real Estate
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