Of the 125 banking groups supervised by the SSM, about 20 have had an average ROE of at least 6 per cent in the last three years. This subset has a low cost-income ratio, mainly thanks to much higher than average unit revenues. Such results are achieved by combining technology with human capital and efficient organization.
Improving the efficiency of the labour market The second margin is to get more of the labour force working. This means ensuring that workers have the skills employers are seeking, which speaks to the importance of ongoing dialogue between industry, labour and institutions for postsecondary education. It also means getting workers to where the jobs are being created.