The creation of a common supervisory approach is essential to ensure that the overall system plays by a single set of rules. But it will not greatly affect day-to-day supervision for savings banks such as most of yours. This will still be carried out by local supervisors who understand the specificities and needs of smaller institutions.
I would like to give a warm thanks to the young people who came this morning to take part in this event. I am very proud to be here with the Minister of Finance and the Minister of Status of Women to announce who will be the Canadian woman who will appear on one of our bank notes.