It also reflects our confidence in the ability of the banking industry to adapt to new operating standards. The challenges posed by these new standards will allow for the transformation of bank practices over time, and thus, provide greater financial resiliency and sustainability in the economy.
I am confident that banks will, beyond compliance, remain supportive in their stance to facilitate a more collaborative implementation of Basel II as we both continue to learn and adapt. The issues tabled for discussion for today’s environmental scanning exercise are varied. I am certain that we all look forward to a fruitful discussion and exchange of insights with our speakers. Thank you.