“Based on our internal analysis, we think that will have a smaller increase than what the QIS has shown in the past.”

In context

“ed, and they know what they're doing. Betsy Graseck: Yes. Okay. And then just a separate question on op risk RWA. Next week, I guess, we are getting the Basel III and game rules. And just wondering -- I know we don't have the final rule, but I'm sure you've thought a lot about this or op risk RWA component that's being added to standardized. Maybe you can give us a sense as to how you're thinking through and how we should think through assessing your position when those rules come out next week. Thanks. Dermot McDonogh: So again, look, we've talked about this pretty much for the last 12 months. So just to kind of recap what we've said before, based on what we know, we expect operational risk RWAs to be in the standardized approach, and that will drive an increase in our standardized RWAs. Based on our internal analysis, we think that will have a smaller increase than what the QIS has shown in the past. And so we kind of feel like capital levels will be a little bit higher. But we feel we will have the ability to adapt and live with whatever the outcome is. But again, it's been delayed a couple of times. So I think for us, we are just waiting to see and we'll return it around quickly, and we'll communicate to you when we have something tangible to say. Betsy Graseck: Got it. Okay. Thanks so much. Appreciate it. Robin Vince: Thanks, Betsy. Operator: And our next question will come from Steven Chubak with Wolfe Research. Steven Chubak: Hi. Good morning, Robin and good morning, Dermot. Robin Vince: Good morning, Steven. Steven Chubak: So wanted to dig into noninterest-bearing deposits. They're now firmly within your 20% to 25% guidance or target range. Your peers have offered more conservat”