Canada has made some hard-won progress in terms of stabilizing household debt and taking the froth out of certain housing markets. Let’s remember, though, all that debt took many years to build and will take at least as many to dissipate. With storm clouds gathering, we can’t let our guard down.
I am deeply convinced that our deliberations today will go a long way in shaping the future of our financial industry as was the case with the first workshop held last year. Ladies and Gentlemen: This year, Nairobi Scenario II Workshop comes at a time when a number of countries around the world are increasingly pursuing the development of branchless banking policy frameworks.