When Neil Armstrong set foot on the moon 40 years ago, he spoke the famous words “That’s one small step for man, one giant leap for mankind”. Last June, the Core Principles for Effective Deposit Insurance Systems were published.
Canadian authorities  2  BIS central bankers’ speeches    Despite the challenging international environment and increasing strains on household balance sheets, the Canadian financial system remains healthy. For example, asset quality at Canada’s major banks has improved further in recent months. Moreover, the aggregate financial position of the domestic non-financial corporate sector is solid, with corporate leverage remaining at low levels.