Agathe Côté: Inflation targeting in the post-crisis era Remarks by Ms Agathe Côté, Deputy Governor of the Bank of Canada, to the Calgary Chartered Financial Analyst (CFA) Society, Calgary, Alberta, 18 November 2014. *  *  *  Introduction Thank you for the invitation. I am pleased to be here.
After all, the risk of corporate failure is a core element of the market economy. Therefore, measures have to be taken to ensure that banks can fail without placing a strain on government finances. And this is where the second element of the banking union comes into play: a single resolution and restructuring mechanism for banks. And that, too, is under development at present.