Some measures that could be considered include: •  Establishing consistent standards for how haircuts are set on repo transactions, including numerical minimum haircuts for some types of transactions;  •  Requiring that originating securitized products have enough skin in the game to align their incentives better with those of investors;  Canada were 28 percent of GDP in 2011.
And finally, I will make some remarks about monetary policy. The main message on the global economy is that while it is still growing reasonably well, the risks are increasingly tilted to the downside. The main source of these downside risks are geopolitical developments in many parts of the world.