I would put it in a different way. The whole world agreed to zero for any liquidity line of less than one year. As a bank regulator, we started to get very worried about that. You have to have capital if you're taking risk. We went to our international colleagues and said that there must be capital; banks are taking risks in providing these liquidity lines without any restriction to conduits. Our international colleagues agreed. They said that, yes, there must be a capital charge.
On June 16th, 2008. See this statement in context.