Chapter 3: Looking forward

Looking ahead, our 2026-27 Annual Risk Outlook focuses on real estate secured lending, non-bank financial intermediation, and funding and liquidity. We will also remain vigilant across a broader set of key risks, including wholesale credit risk, AI, cyber and technology, integrity and security, and third-party risk, among others. As global financial interconnections deepen, we will continue to strengthen our ability to detect risks early, reinforce expectations for operational resilience, and work with institutions and partners to keep essential financial services stable, secure, and trusted.

Canadians can be confident in their financial system today because it has been built over time with strong safeguards and tested resilience. Canada’s financial system continues to stand out globally, and our work helps ensure it remains stable and secure for all of Canada.