10 It would also be compatible with supervisory stress testing, which – as you all know – is now a central component of our supervisory program for making systemically important firms highly resilient, as well as for giving us a more complete picture of risks in the financial system as a whole.
1 Today I’ll talk about what has been happening to liquidity in the financial system. I’ll start by looking back at the recent financial crisis and the lessons we learned. Then I’ll review the reforms that are being implemented in Canada and elsewhere and talk about how the financial system is evolving and what all this may mean for you.