14 September 2010
They were designed to prevent future possible financial crises. He believes the benefits will be obvious and so it’s worth implementing stricter rules. As a result, Canada can get about 13% of gross domestic product, or C$200 billion, Carney announced. And yes, we’re speaking about the country, in which the banks’ capital level is much higher than in other countries even now.
There are also other financial reforms under consideration, for example, tighter mortgage lending rules or counter-cyclical buffers. According to the Bank of Canada’s calculations, in the end, they could increase the net benefit by about 20%. in Canada.