Thank you, Chair, and welcome, everyone.
Peter, it's nice to see you again. I think if I age you and age myself, we would go back about 12 years. I know you've had a number of roles from being a bank analyst at Moody's to, now, this position at OSFI. Congratulations on your career path and your appointments. They're very well-deserved. I still remember listening to you on the bank analyst conference calls with the bank earnings when I was on the bond side and you were on the equity side.
Peter, one thing we know about the banking industry is with regard to liquidity and funding. We know that when there's a banking crisis it always comes down to liquidity and funding. You can even take that to the consumer side as well.
I've read the annual report and I've skimmed over it. On the funding and liquidity risk side, what's your view on that with regard to the Canadian banking system?