The lessons of our past are that you must know your strengths and operate well within them, you must make a game plan based on those strengths, you must arm yourself fully with research and information, you should implement your strategy in a flexible, responsive way, and you should prepare and commit yourself for the long haul.
These are the lessons we must apply in facing the new challenges in the IBFS sector. We face new challenges, often referred to by acronyms such as BEPS, FATCA, FAPI rules, etc. They are well known and I do not need to repeat them here, but they are serious and they affect our Canadian business, which is the bulk of our sector.