BRIEF-Bank of Canada's Schembri says bank aims to develop framework for system-wide macro-level stress tests

Fri May 6, 2016 11:11am EDT
 
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May 6 (Reuters) - Bank Of Canada's Schembri: bank aims to develop framework for system-wide macro-level stress tests that integrates different sectors of financial system

* Boc's Schembri: new proposed framework would cover banking, insurance and investment funds as well as financial markets and financial infrastructures

* Boc's Schembri: bank also aims to improve its models to better understand interactions between monetary and macroprudential policy (Reporting by David Ljunggren)