I’m aware of that sunset clause. There are way too many unknown moving parts connected to this topic and quite frankly that topic is outside my domain of expertise. However, the text suggests that banking could cease. I don’t think that will be the case. If banking could be predicted to cease or could be at risk of ceasing then investors would be dumping banking stocks, you would see an effect on the stock market because the stock market is a forward-looking pricing mechanism of future value. I’m not seeing bank stocks cratering. Because of that, I’m unwilling to conclude that the sunset clause of the bank act implies that banking could, may or will cease in 2025.
I would not give too much attention to that. We have more pressing issues to give attention to. Restoring the rule of law and putting in place strong anti-corruption measures at all levels of government is my top societal priority.
I’m aware of that sunset clause. There are way too many unknown moving parts connected to this topic and quite frankly that topic is outside my domain of expertise. However, the text suggests that banking could cease. I don’t think that will be the case. If banking could be predicted to cease or could be at risk of ceasing then investors would be dumping banking stocks, you would see an effect on the stock market because the stock market is a forward-looking pricing mechanism of future value. I’m not seeing bank stocks cratering. Because of that, I’m unwilling to conclude that the sunset clause of the bank act implies that banking could, may or will cease in 2025.
I would not give too much attention to that. We have more pressing issues to give attention to. Restoring the rule of law and putting in place strong anti-corruption measures at all levels of government is my top societal priority.