I can. One of the great exports we have in this country is the Bank of England governor, Mark Carney, who's also the chair of the Financial Stability Board. Internationally it has recommended bail-in procedures for systemically important banks around the world. Other countries have moved forward in this regard. The United States and the United Kingdom have moved forward; I believe most of the EU has moved forward as well, and we've moved forward now on the bail-in regime.
In the very unlikely situation that a Canadian bank is finding itself on uncertain footing, we want to ensure that depositors are not in jeopardy. It protects depositors by allowing for long-term debt to be turned into equity so they can be protected in a difficult situation.