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Assignment:
Although the Canadian Financial Industry did not totally emerge from the 2008 Financial Crisis unscathed, it fared better than many financial industries around the world.
Policy Option by Kevin Lynch May 1 2012:
Policy Option article from Lesson One cites nine (9) observations as learnings from the 2008 Financial Crisis explaining what worked and why for Canada.
Question
a) What role did OSFI play then and continues to play today in Canada's Financial Markets?
b) What are "capital requirements"? Explain how capital requirements help to provide more stability in the financial markets. What does having a stable market do for Canadians and for the economy?
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