In 2009, when the global financial crisis was in full force, Canadian households, governments and non-financial businesses owed debts totalling about 215 percent of GDP.
* * * Chair, Committee members, I welcome the opportunity to meet with you today for our regular engagement. I am joined by Derville Rowland (Director General for Financial Conduct) and Ed Sibley (Deputy Governor for Prudential Regulation). The Irish economy continues to perform well.