1 The Bank of Canada is well placed to make this judgment. As part of our commitment to promote the economic and financial welfare of Canada, the Bank actively fosters a stable and efficient financial system. The Bank constantly assesses the major risks to the soundness of our system, and helps to develop policies to mitigate them.
In other instances, members of the boards of directors that help to oversee community banks are heavily involved in the business of agriculture. These close connections to local agricultural businesses provide community banks with a unique and important perspective in helping to meet local agricultural credit needs.