At the risk of some oversimplification, one can classify most uses of the financial stability concept in Dodd-Frank into four categories: (1) as a goal for a new regulatory authority, (2) as an instruction for ongoing analysis and monitoring, (3) as a direct legal standard, and (4) as a factor for consideration in decisions on applications for various proposed actions subject to regulatory approval.
Output from this sector has expanded by more than 7 per cent every year for the past five years. Today, it accounts for close to 2 per cent of output in the Canadian economy. To put this into context, the computer system design sector is already more important to the economy than the auto and aerospace sectors combined.