The FADF Process Is Impactful

There are indications that Lebanon is likely to be placed on the gray list at the next plenary. All of this is an indication that the FADF process is impactful and that member countries really do care how they're viewed globally. There's no indication, for example, that North Korea really cares what it's rating is. We want to emphasize this is not a US only kind of issue. The UK and the EU also have an expectation that financial services providers will be able to verify that their models actually do what they're supposed to do.