It seems to me that this question of nomenclature is leading to reporting that's inaccurate. I mean, this is about institutional investors and private sector investors. That's the intention. That's the yardstick by which we measure the success of the CIB. You're just wiping away one element of that yardstick by saying that institutional investors do not contribute to the success of the CIB. I'd suggest there's a little bit more work to be done on the nomenclature and definitions here that need to correlate back to the stated intention of the CIB.
Now, we heard it characterized that lapsed funds are akin to cuts. Of course that's not true. Lapsed funds are not cuts; they're simply lapsed. The money remains in the bank for future use, for projects as they come along, as the bank builds up steam, which we discussed in the first hour of today's meeting. These projects are large, complex beasts that exist over many years and across multiple jurisdictions. They have to exist under multiple jurisdictions of legislation and multiple levels of expectation from different stakeholders. They're complex. That's what infrastructure is, so lapsed funds are not cuts.
Of course, usually when we talk about cuts on this committee, it would be the cuts that Mr. Scheer ran on, the $18 billion of cuts to infrastructure investment into Canadian communities, cuts that of course Canadians refuted. They in fact supported our platform to create the CIB.
If I have a minute left, I'd like to hear Mr. Giroux's reaction to Ehren Cory's characterization of the bottleneck not being about access to capital but about the higher risk that's associated with these complex, long-term projects, and his characterization that this is why the CIB needs to get in there to help them mitigate that risk.