At one point, the large auto companies had a lot of capital, but they suffered losses year after year.
No one is talking about regulating the capital of enterprises; we're talking about financial institutions, because of their central role and the spillovers,
the ripple effects on other sectors of the economy.
That's where one needs to buttress things.
We are working to bring global capital standards toward Canadian levels. We are very confident that will happen, but there's more work to be done in those discussions.