Guidance as well as supervisory and regulatory standards such as these -- whether developed in a domestic or international context -- are soon incorporated into examination procedures and help examiners in their reviews of many of the more complex activities of global banking organizations. These global institutions are perhaps the most challenging to supervise.
•  Let me remind you what we reported: –  We expect the global economy to expand modestly in 2013. However, its near-term dynamic has changed, and the composition of growth is now slightly less favourable for Canada. –  Uncertain global and domestic economic conditions are delaying the pickup in exports and business investment in Canada.