Do you think that the introduction of International Financial Reporting Standards 9 would help in forcing banks to be more forward-looking in their provisioning of risk? With regard to the accounting standards, yes, for sure. We are moving from an incurred loss model to an expected loss model, so in some years we will have a different way of doing things. Yes.
Gill Marcus: Overview of the South African economy Address by Ms Gill Marcus, Governor of the South African Reserve Bank, at the 91st ordinary general meeting of shareholders, Pretoria, 30 June 2011.