It seems to me you determine the liquidity requirements of a bank based upon your analysis of the risk of the securities they present, and it seems to me that if you're charged with the safety and soundness of the banking system, if Bank X puts forward this $100 million worth of securities, then there should be someone in your shop who says, “This is the risk analysis of this particular security.”
The question is relatively simple. Is there someone in your shop who is charged with that? If so, what was their analysis of these kinds of securities?