32 The combination of the first finding with the other two appears paradoxical, but the key barrier to competition that was absent in Canada was the prohibition of nationwide branch banking, a factor emphasized by Calomiris and Haber in their discussion of the Canadian case.
Our meeting today follows yesterday’s convening with Chief Executive Officers and leaders of regulatory agencies from the financial sector. Ladies and Gentlemen: I was impressed at the level of enthusiasm and ownership of sustainable finance by the CEOs at yesterday’s convening.