Thank you, Mr. Chair.
Thank you to the presenters from OSFI. It was very interesting and very educational. We seem to have such good witnesses at our committee. We had a presentation from the PBO the other day and it really helped us to understand the fiscal situation in Canada.
As your organization has the sole oversight on banks, and now that we're in these unprecedented times, I want to ask about what indicators you are watching for when it comes to the economy. If the conditions continue to deteriorate, if the banks start to report losses, what will your organization do, and how should we react to that?