As I mentioned earlier, our banking ecosystem is not the same as in the United States. We have strict regulation, which was further strengthened after 2008 and 2009. It's important to remember that in the United States, measures to reduce regulation were introduced under the previous U.S. administration . That was also part of the equation. The structure of our financial institutions is not as focused on certain markets, more specifically in this instance, the technology market. The deposit diversification and matching aspect is not seen in Canada. Basically, it's a problem of matching. The important aspect underpinning all of this is of course capitalization.
Debt is high in industry and the housing sector, but on the other hand, our banking system is more solid than elsewhere. We aren't worried about what is happening and we're not afraid of scenarios like this playing out in Canada. That doesn't mean that there won't be economic events like those in 2008 and 2009. While our banks held up, we nevertheless felt the impact, although indirect, of what was happening around the world.
As for the strengths of Canadian banks and financial institutions in general, including the Desjardins Group, we have no qualms.