8 November 2012

“After the recent discussion in Mexico I can assure you that FSB and G20 intend to create a more stable and resilient international financial system.”
In Carney’s opinion, today the global system is already much safer than before the crisis of 2007-2008.
Nevertheless, there are many other issues to solve. It’s necessary to stop thinking that a country is too big to fail. The most important financial institutions need to have larger reserves in order to provide the stable functioning.
In case of Canada the domestic banks are ready to face all the necessary standards starting 2013.