Finally, I'll look at the effects that these events continue to have, both on financial markets and on the outlook for the Canadian economy. The Bank and the financial system One reason for giving these financial system speeches near year-end is so that they coincide with the publication of the December edition of the Bank's Financial System Review (FSR).
The purpose of my previous speeches was the same as the Bank's purpose in publishing the FSR; that is, to improve public understanding of financial system developments and trends, to point out potential vulnerabilities in the system, to highlight some of the Bank's research, and to promote discussion of financial system issues in general.