Thank you, Mr. Chair.
Good afternoon, everyone. Welcome to the committee today.
It's nice to see you, Liane. We interacted before, in a prior career.
First, on the change in role with regard to CDIC, can you guys comment in terms of how this fits in with the changes that have occurred over the last several years and since the financial crisis?
My second question is with regard to bail-in. I left a financial institution about two years ago now. We were having initial discussions and going along the way in terms of having bail-in securities put in place by the bank so that in the event there were some disruption to the financial sector they could be converted and bondholders would share some of the risk. Can we get an update on that?
Thank you.