At the same time, greater reliance on third parties could create additional opportunity for cyber criminals. The federal banking agencies recognize the increasing role third parties play in providing banks with a multitude of services including access to new technologies, human capital, delivery channels, products, services, and markets.
But good fortune is only part of the story. Without Canada's commitment to the OECD's "four legs" of sound economic policy, our recent performance would no doubt have been poorer. So, what are the "four legs" of the OECD consensus? The principles that I am referring to deal with monetary policy, fiscal policy, trade liberalization, and structural reform.