It is, of course, not an option for LCBOs in the United States, given our risk-management objectives. We expect significantly different impacts across the small number of large U.S. entities that will use the Advanced IRB approach. That is because the intention is not to develop a cookie-cutter, one-sizefits-all set of requirements.
Rather, each bank is to develop meaningful, empirically based risk classifications across its credit portfolios and sub-portfolios. For each sub-portfolio of loans, each bank will estimate the probability of default, the expected loss given default, exposure at default, and the associated capital to meet selected solvency standards.