And fourth, we promote the stability and efficiency of the Canadian financial system by working in close co-operation with federal and provincial regulators, and public sector partners, and as a member of international bodies to strengthen the financial system worldwide.
“There is a local bye-law that says a taxi has to be here at all times.” “But a taxi is here.” “Ah yes, but if I take you home, there would no longer be a taxi waiting here. That would violate the bye-law.” This is what can happen with statutory minimum requirements. Trust cannot be won by attending merely to the minimum requirements.