My team has been working on it for several years at Finance Canada together with our various supervisory agencies. The genesis of this work goes back to the G20 and the financial stability board and their work post financial crisis.
A lot of the work that has been done over the past years was on the prevention side, so bringing in all the new standards, capital, all the regimes. This is the trailing piece that, assuming we can't prevent it, let's make sure there's a smooth landing. This is really six or seven years in the making. A lot of work went into this not only in Canada but around the world.