I take the point that this is really about identifying risk and it's about making sure that we're focusing on the things that could really go wrong. There's a very interesting explanation of what is systemically important, what FMIs really do need to be watched and managed more carefully, at clause 28. It talks about those systemically important FMIs being the ones where the "disruption to activities under the FMI could [actually] cause problems" for others and it could "threaten the stability of, or confidence in, the whole or a significant part of the financial system." So it's very much focusing on things that could hurt everyday New Zealanders.