Mr. Chair, as I mentioned in my opening remarks, the entire financial system is resilient and well prepared for where we are.
Is our system facing challenges? Clearly it's facing challenges. Financial institutions, much like our own organization, were obliged to move many people to a work-from-home situation in order to protect the health and safety of their employees. They had a lot of technological capacity they could draw on, but I won't say they weren't challenged. They were certainly challenged by the volumes at call centres as they moved their call centre employees to home as well.
In terms of lending capacity, this is very much restricted or regulated by the capital requirement. Having raised the capital requirement for our major banks in good times, and being in a position, then, to lower it significantly, lending capacity should not be an issue.