1  Canada and the United States have signed three major trade liberalization agreements over the past 50 years: the 1965 Auto Pact, the 1988 Canada–U.S. Free Trade Agreement and the 1994 North American Free Trade Agreement, which also included Mexico. 2  The banking system did, however, require significant liquidity support because of the severe disruption to global funding markets.
This provides a strong relationship with risk management, in that returns earned in riskier business lines will necessarily be higher to cover the cost of the additional capital held. Operational-risk management Focusing now on operational risk, one of the most substantial changes in the U.S. banking industry in recent years is the movement of the largest organizations toward fee-based revenue streams.