Indeed. I put that in because the British just released their proposal for reregulating financial services two days ago. They came out quite strongly against a raw metric. I haven't talked about this in my slides, but although the American banking situation is in very bad shape, Europe is in far, far worse shape. Their banks are running a 40:1, 50:1, 60:1 leverage. American banks are running at 28:1. We're at 18:1. We are underneath the 20:1 ratio. I don't think it would have a big impact, because again, the Canadian banks, although there is a regulatory framework, are self-regulating. They make sure they don't go right up against the limit, which is why they're at 18:1 now.
On March 24th, 2009. See this statement in context.