News Summary

• Canada’s financial regulators have long had mandates that prioritize stability and consumer protection.
• That approach helped the country fend off the worst of the 2008 financial crisis.
• But Canada has a productivity problem, and growth and innovation are important, too.
• Regulator mandates also need to recognize the trade-offs between stability, investor protection and economic dynamism.
• Getting that balance right is the next great test for Canada’‘s regulators.
• Safeguarding economic stability requires fostering financial dynamism’