Interventions in Committee
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Bernard Brun
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Bernard Brun
2019-07-15 16:44
Thank you for this very relevant question.
The Bank of Canada obviously has an extremely important role to play in ensuring financial stability. Recently, it announced the creation of a committee to develop supervision and review oversight by discussing matters with all kinds of partners. Naturally, it turned to the big banks and the regulator. We have had discussions with people at the Bank of Canada and we feel that they have an opportunity to explore this.
As already mentioned, the financial system is extremely interconnected. All the players in this sector have issues, regulations and regulators, but they must be able to work together, go beyond that and discuss matters. We certainly have a great interest in participating in all of this. We felt that there was an opening in this direction and we are waiting to see what form this will take.
Desjardins Group is certainly a Canadian and Quebec financial institution of systemic importance. If there are discussions, we should be involved.
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