Having had this experience, it is not surprising that when we did our review of the costs and benefits of the euro this year we were a bit more cautious than seven years ago.
More efficient cross-border financial services will facilitate more trade. And more trade will contribute to stronger economic growth in both countries. 24  The Canada Deposit Insurance Corporation and the Federal Deposit Insurance Corporation have a memorandum of understanding in place to consult, co-operate and share with each other information on the resolution of cross-border banks.