;

- Legislation or regulatory changes which adversely affect the businesses in which the Corporation is engaged;

- Changes in the interest rate environment which increase or decrease interest rate margins;

- Changes in securities markets with respect to the market value of financial assets and the level of volatility in certain markets such as foreign exchange;

- Significant increases in competition in the banking and financial services industry resulting from industry consolidation, regulatory changes and other factors, as well as actions taken by particular competitors;