The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: A couple of questions here. Thanks for the margin guidance, Hratch. And I'm wondering if this could be like maybe some bouncing around to use
that term. The U.S., in particular, I'm thinking about the impact it might have because deposits are down quite a bit sequentially, and that may
require you to use more FHLB deposits or wholesale funding? And how does that play into your outlook then, if that's an issue?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Okay. And my next question is on capital, very little RWA inflation this quarter and I think very little last quarter as well. I'm wondering how close
are you to the output floor? And especially if we look at the Q1 '24, could we trigger that and see a little RWA inflation. And then I guess also, might
as well mention the fundamental review of the trading book in that context, if there's any impact there?
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: So maybe a dip, but then, I mean, these are my words, but just trying to visualize. That you might see a dip early in 2024. And if you could touch
upon those 2 items, I asked about that would be great. And then after the conversion of IRB in the U.S. more of an offset...
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