Brian Liltoft Andreasen and Pia Mølgaard, Capital requirements for banks – myths and facts, Danmarks Nationalbank Analysis, No. 8, June 2018.  https://systemicriskcouncil.dk/news/2017/december/recommendation-on-activation-of-the-countercyclicalcapital-buffer/. 27 https://systemicriskcouncil.dk/media/1189/dsrr20-qa-en.pdf. 28 https://systemicriskcouncil.dk/news/2018/september/recommendation-increase-of-the-countercyclical-capitalbuffer-rate/. Page 18 of 23  same day that the Minister would follow the recommendation. The quick response can be seen in light of the pending money laundering case in the largest Danish credit institution, Danske Bank.
Current economic conditions in Canada Let me conclude with some comments on current economic conditions in Canada, which reflect a number of the themes I have discussed. The recoveries in Canada’s major trading partners continue to be dampened by the ongoing need to repair sovereign, bank and household balance sheets.