Industry chided for its role in the financial crisis
FSA takes action against senior directors
Policymakers cautioned to avoid over-regulation
Increasing capital requirements the best way to prevent asset bubbles
Impact on corporate credit quality was especially severe in the first six months of 2009
Central bank to maintain flexibility about when and how to intervene in the next crisis
While other countries save, Canada continues to spend. If the recovery stalls, the price could be high
Revised standards due early 2011
Limiting banks’ activities too strictly could hamper financial markets, economic recovery
Fed plans to scale back other liquidity provision mechanisms