However, we must push for greater co-operation, since only in that way will we be able to mobilize the complementary expertise of all participants. The Canadian economy faces stiff international competition. To continue to prosper, it must be able to count on the support of an efficient financial system under a modern regulatory framework.
The Porter Commission provides good advice for legislators and regulators: The future of our financial system remains ever and always dependent on competition and innovation. From monetary policy to economic development What is the role of monetary policy in all of this? In a narrow sense, monetary policy is a user of the financial system.