I would come back to the first question this afternoon from Mr. Sorbara, about what we worry about. I'm a regulator. I get paid to worry. But my biggest worry is that we keep thinking the history is what will happen in the future, and we get complacent. We get asked that question a lot. Banks will often point to their historical default rate as a reason they don't need to hold as much capital or be as careful going forward. Our position is always that your default rate is your rear-view mirror and you need to be looking in the windshield. That's how we approach both our risk management and our capital reserves.
On January 30th, 2017. See this statement in context.