In terms of a broader policy issue, I'd appreciate your views on impact investing. Recently, the Royal Bank had, I think it was, a $25 million fund for impact investing. We're hearing more about impact investing and the potential to actually, through a structure and terms, have almost a traditional investment banking offering for high net worth individuals and foundations that want to participate in giving.
I'd appreciate your views, as people involved in traditional philanthropy, on the potential for impact investing and the role, in the future, of impact investing. When one of Canada's largest banks makes that kind of commitment—I think it was $25 million, and the announcement was in the last couple of weeks—it's a pretty significant step. We're hearing more about the potential.
At the committee we have not heard much about impact investing yet, but I think that's something we ought to consider as part of our deliberations. I'd be interested in your experience with it and your views on it and its potential.