They note that two industries in particular – mining and oil and gas extraction and manufacturing – account for much of the slowdown in MFP growth in this decade. 15 Against this background, we can consider the implications of the global financial crisis and recession for Canada's future productivity growth.
As I have described already, my vision for the Irish financial services sector is that it is well managed, well regulated and sustainably serves the needs of the economy and its consumers over the long term. In this context, when the Central Bank assesses the firms we regulate, we are essentially looking at four objectives from a prudential supervision perspective. Regulated firms should: 1.