So, structurally what happens appears pretty obvious. We're now bringing in the world's toughest capital requirements, which may squeeze credit. One of my concerns with the bill is that in terms of minimum capital allocation, which now needs to be raised to 16 percent from tier 1 equity of 10.5 percent, is that this is going to place too much emphasis on capital and far too little on risk mitigation. We realise that there will be another shock to the system. There may even potentially be a recessionary period in New Zealand within this time frame that's severe, and the RBNZ should have a really balanced, in a sense, and calibrated capital requirement structure with what is missing—as Mr Bayly said, prudential requirements of Governments who run risk management, similar to Australia, the US, Singapore, and Japan.