Okay, thank you very much.
I know it's a very serious issue, Mr. Carney, and if you want to provide the committee with any further information, we'd certainly appreciate that, I know.
I'm going to take the next government round.
I just want to follow up on the Basel III requirements, which we were going to have Mr. Macklem address. Obviously, two of the reasons that the Canadian financial sector came through the last two years in fairly good shape were our capital ratios and leverage ratios. On the Basel III requirements in terms of the levels of capital required, from what I'm hearing from the financial sector, they can very much live with the levels of capital. There has been some concern expressed by certain institutions with respect to the type of capital required.
I know, Mr. Macklem, you were going to address it generally, but I was wondering if you could address that specific issue in your answer as well.