Finance committee  We have said we are going to revise guideline B-5. We are working on that now. We are going to our international colleagues and we're saying that a zero percent capital charge is inappropriate for any liquidity line. That is because we have seen that banks bought back or started to support their vehicles.

Finance committee  That would be the responsibility of the Securities Commission and of the Investment Dealers Association.

Finance committee  Yes. Most of the stuff was sold through dealers. Product was being sold by either the dealer, mostly the dealer, or by the bank directly. We are looking to the Securities Commissions and the IDA to do work. The IDA has indicated they are doing work.

Finance committee  Thank you. Mr. Chairman, members of the committee, I am pleased to appear before you today to discuss this very important issue. There were many factors at play that caused the problems which occurred in the asset-backed commercial paper, also called ABCT, market, and I believe a full discussion and review are vitally important.