While we have more than recouped all those losses, our economy continues to be held back by the weak global recovery. That is why it is important for all Canadians that all countries follow through on these reforms. To address the question of how G-20 countries are doing, I will concentrate on three issues: •  Are banks safer today?
•  Have we ended the phenomenon of institutions that are “too big to fail”? •  Is shadow banking a force for good or ill? Let me turn to the first. Are banks safer? Banking system frailties were cruelly exposed by the crisis.