Thank you so much.
On March 13 OSFI indicated that the banks should not use the measures that were being taken around the domestic stability buffer to increase distributions to shareholders or employees, or to undertake share buybacks. I notice today you mentioned in your statement that OSFI instructed banks not to undertake dividend increases and share buybacks. Of course, in other countries we've got the European Banking Authority, the Prudential Regulation Authority, the Mexican financial regulators. They all have absolutely made strict requirements that if you're getting public support, you can't do any of these things.
I'm interested both in the shift that appears to leave aside the issue of executive bonuses. Given the number of banks, including the CEO for TD Bank who said it doesn't change anything in their dividend policy, what are the consequences if banks deliberately say they're not going to co-operate, they're going to increase their dividends, provide executive bonuses and do share buybacks?