The Canadian Securities Administrators (CSA) has published the results of its inaugural systemic risk survey of portfolio managers and investment dealers conducted in October and November 2022.
The first annual survey was conducted to solicit the views market participants had about systemic financial risks.
The 626 Canadian portfolio managers and investment dealers surveyed said they were most concerned about rising interest rates, household debt, the housing market, geopolitics and cyber vulnerabilities.
“Survey responses provide the CSA with critical information for promoting financial stability and mitigating systemic risk,” the CSA’s researchers write.
The responses found that more than 60 per cent reported being somewhat to very concerned about the stability of Canada’s financial system. Almost all indicated that their level of concern had increased or was unchanged when compared to their feelings a year ago. “Less than one per cent of respondents indicated they were less concerned,” they add.
More than 75 per cent said household, government and corporate debt levels are a moderate risk, at least, while the same number say excessive risk taking is also a moderate market risk.
