Well, I would start by suggesting that there has been work done and progress made associated with a vision for Canada that I think as financial institutions we certainly would aspire to see as a shared vision that not only is held federally, but is held across provincial, territorial and indigenous leadership in the country, to ensure that the alignment is there, because time is of the essence and none of us have excess resources or time to spend unnecessarily.
Having said that, within the context of SFAC and the mandate we were given, and that we believe and we support, there is a foundational build here associated with the tool kit for a robust sustainable ecosystem. That tool kit includes addressing a disclosure framework for the country. It includes implementing a taxonomy, and I would suggest that even Russia has a taxonomy, as does China. It also includes ensuring that we continue to improve the data requirements, and there is a role to play with public databases that exist. One aha for us was the extensive amount of data that is housed both federally and provincially and would add value to the exercise if it were governed and more usable from the financial institutions' perspective.
I would suggest that there is progress being made, but we need to commit to the recommendations to build out this capacity in far greater detail. I won't suggest for a minute that SFAC's recommendations should stand entirely on their own. We have also committed to broader consultation and would encourage an ongoing commitment to broader consultation in bringing the stakeholders who need to be at the table into execution.