Mar 29, 2023 / 01:45PM GMT
Unidentified Analyst -
All right. Our next speaker is Phil Thomas, Chief Risk Officer of Scotiabank. Phil has been in that role for 1.5 years, which would mean you were hitting at around a very -- things were looking up at that point in time from a risk standpoint. Obviously, a different environment today. Thanks, Phil, for joining us and answering my questions.
Questions and Answers:
Unidentified Analyst -I want to start -- I don't want to get too accounting here, but -- in the weeds, I mean, but there's a lot of questions around the economic outlook. And from a Chief Risk Officer standpoint, that economic outlook feeds into how you set your provisions. And then under IFRS 9, as we all know, there can be a lot of swings in the provisions, depending on what goes bump in the night. Maybe we can spend a few minutes talking about what you're seeing -- what your most recent outlook look like and then if anything is possibly changing given recent events.
Philip M. Thomas - The Bank of Nova Scotia - Chief Risk Officer
Sure. And
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