Countries such as Australia have managed a soft landing and the preconditions for this, one could argue, are even more favourable in Canada.
The amended MOA also provides the PDIC more flexibility in terms of the types of banks it can jointly examine with the BSP, defines the specific findings/information that the BSP examiners can share with PDIC examiners, and considers the provisions as well as rules and regulations of Republic Act No. 9576 which amended the PDIC Charter.