There is merit in making investments in CSF and GRF mandatory for SGs and specify a minimum threshold in terms of their outstanding liabilities to provide greater comfort to investors.
At the Bank of Canada, we have spent a great deal of effort over the past year or so thinking about this topic. We believe that a strengthened IMF can best support the global economy by improving the way it conducts surveillance. The Fund has a very important role to play in analyzing spillovers and interdependencies.