And businesses need to ensure that their organizational structure and practices allow them to realize the potential of these new technologies. Second, Canada, like Mexico, must keep its fiscal house in order. As I have said, we have made great strides in reducing our ratio of public debt to GDP.
Our discussion today is meant to provide inputs for the assessment of policies that could help improve the banking system’s risk management processes and efficiency as well as provide a leverage to stimulate the diagnosis of, and improvements in, the supervisory framework. I take a special interest in today’s topic for two main reasons.