We simply do not know. I would emphasize, however, that the crucial factor here is not the extent of the integration between Canada and the United States, but rather how close or how far apart our economic structures are, or will be.
Under our newly-amended charter, the BSP is no longer required to remit at least 50% of its net income as dividends to the National Government, But we decided to do so in the spirit of being part of the Government. The Monetary Board has also approved the granting of temporary regulatory and rediscounting relief measures to BSP Supervised Financial Institutions (BSFIs).