Ms Laura Casey:

I hope we are leaning into the framework that is already there. I do not know if "discretion" is the right word, but the regulator is empowered to use the tools that have been given to him or her as best he or she sees fit in his or her role as regulator. It is not changing the current approach. It is giving him or her a new set of tools to use while applying the same risk-based approach.