No. I'll just explain why.
On a very practical level, and not on a financial one, it has been part of boards.... I know that when subcommittees report back, usually their recommendations are carried by the boards, and subcommittees do extremely important work. This does change the residency requirement for subcommittees.
We are uncertain.... Ms. Hardy is able to provide later this morning what types of decisions we're speaking about and what specific subcommittees this would potentially apply to or what subcommittees may be exempt from these changes. I think it's really important.
Our financial institutions and the governance over our financial institutions have helped significantly to protect the prudential strength of our Canadian financial system. There has been, certainly over time, a different culture of lending and borrowing, as an example, in Canada compared to the U.S. and Europe. There was a deregulation of process—