I think you've hit on, absolutely, what our key concerns were as the Canadian Bankers Association around cybersecurity and financial crime more broadly in the context of open banking, where, as you know, the customer consents to have their personal and financial information transferred to another provider, whether it's a bank or perhaps a fintech that's not as stringently regulated as banks.
Once that happens, and if that information then goes further down the line, the third party provider provides it to another party, we worry about both the increased connectivity and the proliferation of entities having access to the data. That definitely makes it harder in the case of a cyber-attack to determine your points of vulnerability, number one and number two. Again, not all third party providers will be regulated the same way.
We were pleased to see in the budget this year the announcement of the cybersecurity legislation forthcoming, but we worry about entities that might not be subject to comprehensive regulatory oversight on both privacy and on cyber.