Thank you, Ms. McLeod.
When looking at increasing the threshold, I'm sure some people will ask why we need to do it. It's the same reason: to allow growth. These banks are larger than they ever used to be.
Our Canadian banks, because of their strength and the way they came through the recession—they actually came through the recession while some other banks didn't—have grown. They have acquired banks in other countries as part of their portfolio. Their overall threshold needs to reflect that.
It's only for the five big banks that you'll see the $12-billion number, only for the five big banks that we're raising to the $12 billion. The mid-sized banks are moving from $5 billion to $8 billion, and the threshold for the majority of the rest of the banks is being moved to $5 billion. This reflects how much these banks have grown, especially our five large banks. They've taken advantage of the strength that they came through this recession with and have acquired some very profitable operations.