Its critical importance will come into sharp focus once current restrictions on banks’ portfolios are further liberalised and are subjected to the pressure of macro economic fluctuations.
David Dodge: Financial system efficiency - getting the regulatory framework right Speech by Mr David Dodge, Governor of the Bank of Canada, to the Toronto CFA Society, Toronto, 22 September 2005. *  *  *  I am happy to have the opportunity today to follow up on a speech I gave here in Toronto last December.