While these examples and the reports published by the GFXC do not form part of the Code, they are intended to assist market participants when thinking about how the Code applies to their activities. Over the period ahead, we will be looking at adding more material like these reports that help to flesh out the principles.
I'll turn now to some issues regarding financial institutions and their regulation. I'll focus on a few issues related to the models of operations in these institutions, the management of risks, and the management and regulation of liquidity.