Mr. Chair, as Mr. Gully mentioned, we wanted to make a significant decrease in order to respond to the severe and extraordinary circumstances we're in, and to create appreciable space for banks to access the capital loss-absorbing capacity they had built up in good times and might need in these circumstances. I think a great deal will depend on the depth and duration of our economic difficulties, and also how this is reflected in the results of banks.
As we mentioned, there's a great deal of support being provided by the government directly to support people's incomes, to fully or partially guarantee loans to businesses. All of that will reduce the need to use the buffer. However, if that recession is deep enough and goes on long enough, it's possible—it's by no means certain—that banks will move into the buffer space. We would consider that a normal and prudent thing for banks to do in a severe recession: to use their capital to support the economy to absorb losses. If they move well into the space that has been occupied, we'll have to consider whether we should create more space.