During the crisis, this approach was insufficient to restore stability. It was also necessary to introduce new funding facilities, and to broaden existing facilities in terms of the counterparties dealt with and the range of assets accepted as collateral.
And, if our ability to rely on foreign jurisdictional authorities were to diminish over time, we would also need to ensure that we would have the ability to remedy the situation. We at the Bank must be able to fulfill our obligations to Canadians to ensure sound management of the risks associated with these systemically important clearing and settlement systems. Conclusion Let me conclude.