Generally speaking, these components are in place in Canada. But the Enron collapse in the United States reminds us here that we cannot be complacent about our own situation. So what is lost when something like Enron occurs? Skepticism sets in about the truthfulness of routine financial disclosures.
The geographical proximity and already significant commercial ties with these countries, the migratory movements, and the prospect of financial integration prompted us, within the Eurosystem, to undertake a more systematic analysis of the scope for their development, which is of great importance for Europe as well.