Archived - Long Descriptions for Evaluation of the Financial Sector Policy Branch

A strong economy and sound public finances for Canadians

• Contribute to a sound, efficient and competitive financial sector (PA 1.1.5)
• Contribute to a more resilient global financial system (PA 1.1.5)
• Prudent and cost-effective management of the government’s treasury activities and financial affairs (PA 1.3)

• Ministers and senior government officials have timely access to analysis, research and advice on matters that impact the government’s agenda with respect to the country’s financial sector policy, and on the government’s treasury and financial affairs (PA 1.1.5 and PA 1.3)
• Timely and effective funding of the financial requirements of the government and the major federal-backed entities (PA 1.3.1 and 1.3.2)
• The Government of Canada is able to meet its prudential liquidity needs on a timely and effective basis (PA 1.3.3)
• Cost-effective and robust supply of domestic currency to meet the needs of the Canadian economy (PA 1.3.4)
• Appropriate resources, tools and processes within the Branch to achieve objectives.

• Debt Management Report; Debt Management Strategy; Report on the Management of Canada’s Official International Reserves; Legislations and regulations; Briefings, memorandums, analytical notes, and technical notes; MOUs with Bank of Canada, Royal Canadian Mint; Financial studies; Budget; Working papers; and other informal and formal communications
• Branch/divisional budget, workplans; HR Action Plan; Recruitment, staffing, training, retention and succession planning documents; Branch risk profiles; Productivity, information sharing and lessons learned initiatives

Monitoring and Analysis

Monitor and analyse:

• Key financial and capital market developments, both domestically and internationally
• Major financial market transactions, including mergers, acquisitions, and financial institutions’ corporate strategies and performance

Consultations and Collaborations

Consultations and collaborations with:

• Other federal financial sector regulatory agencies, including OSFI, Bank of Canada, CDIC, FCAC; provinces and territories
• FINTRAC, law enforcement and other government departments to lead Canada’s anti-money-laundering and anti-terrorist-financing regime
  

Policy Development

Develop policy on:

• The regulatory framework for Canada’s financial sector
• Issues relating to financial institutions, financial markets and capital markets, including housing finance, consumer issues, pensions, payments and settlements systems, trade in financial services and financial crimes.
• Federal government’s treasury operations and borrowing activities

Regulations and Legislation Development

Develop and update legislation and regulations governing Canada’s financial sector and capital market, and the federally regulated financial institutions and federally regulated pension plans.

International Policy Coordination

• Develop Canada’s input to G20 and Financial Stability Board work on financial sector reform and work with international partners for consistent implementation of the G20 financial sector reform agenda
• Represent Canada at the Financial Action Task Force to combat financial crime

Management, Oversight and Challenge Function

• Oversee and manage the government’s debt, cash and reserves programs
• Manage the production of banknotes by the Bank of Canada and the circulation of coinage by the Royal Canadian Mint
• Oversee the planned borrowing activities of major federal-backed entities
• Provide the challenge function for OSFI, CDIC, FCAC and the Royal Canadian Mint

Internal Management

• Undertake initiatives relating to HR, business and work planning
• Financial management
• Risk management
• Information and knowledge management
• Training (internal and external)

• The Minister and Deputy Minister of Finance
• Cabinet and Treasury Board
• Parliament and parliamentary committees
• Bank of Canada, Departments and Crown corporations
• Provincial and territorial governments
• Federally chartered and regulated financial institutions
• Financial and the government securities markets participants
• International partners, including IMF, G20 and Financial Stability Board
• Staff, Management, Senior Management

Information, Technology, Financial, Material and Human Resources