3 In addition, we at the Federal Reserve, other regulators, and the Congress are evaluating what actions may be needed to prevent a recurrence of these problems.
And the needs of investors are similar from one jurisdiction to another. So while the application of rules needs to take into account the size and complexity of firms, there is no need for different rules based solely on the province or territory of the issuer or investor. Today, I want to bring Canada's pension system into the picture.