Getting banks to develop action plans to comply with the expectations that the ECB set out in its guide on C&E risks was the first step in getting them to assess and develop their risk management capabilities. Transition planning is the second step, and one that will help banks to effectively develop a mitigation strategy to soften long-term impacts.
So I was very pleased when the Minister asked the Bank to move forward in our search to find the iconic woman for our bank notes. We started by asking Canadians. And let me tell you. They told us. The response was amazing. Within two days we received more than 10,000 nominations.