In light of the lessons learned over the past two years, setting a strong foundation for supervision is becoming more important than ever. I would like to discuss the initiatives taken by the Basel Committee to help establish this sound basis for supervision, risk management and capital adequacy, as well as implementation of sound standards over the long run.
Remarks by Carolyn A. Wilkins Senior Deputy Governor of the Bank of Canada Rotman School of Management conference “Are We Ready For the Next Financial Crisis?” Toronto, Ontario March 22, 2018  Financial Stability: Taking Care of Unfinished Business A clear lesson of history is that a “sine qua non” for sustained economic recovery following a financial crisis is a thoroughgoing repair of the financial system.