Once again, it is a time of great opportunity for Canada, but navigating the cross-currents in the global economy will require boldness and skill. Allow me to expand on three consequences for Canada. Changing patterns of trade Patterns of trade are evolving rapidly. In particular, the expanding urban middle class in emerging economies is having a major impact on a wide range of commodities.
Since with “failing or likely to fail” the supervisor hands over to resolution, how can it be financially sound since the respect of prudential criteria is by definition controlled by a microprudential authority?