Thank you very much, Mr. Routledge.
In 2015-16 OSFI had a strategic imperative for the organization to get a handle on or to learn more about the shadow banking sector. The C.D. Howe Institute recently indicated that the sector is now at about $1.5 trillion annually. That has about doubled since 2005, I believe.
Do you feel as though in the last five years we have made good progress on understanding that sector, or do you think there are still some vulnerabilities there that we need to uncover?