Nevertheless, I acknowledge that industry has raised several important issues to the TLAC proposal, in particular relating to the size of the required TLAC market, the impact on bank funding costs, the calibration and the link with the leverage ratio. Let me assure you that we take these issues seriously.
Second, we learned that in order to take advantage of new business opportunities in the regional food sector, entrepreneurs need access to capital, specialized knowledge, and general business skills. Unfortunately, one or more of these is often missing from historically marginalized communities. We also learned that organizations across the country are filling these gaps and empowering communities to take advantage of opportunities.