TD, obviously, has a very large presence in the United States and is the largest foreign-owned retail bank operating in the United States. What we would see is that there are variations in the protections between the two countries. We would say that chip and PIN, in particular, have been a huge advantage to the Canadian consumer. Frankly, seeing some data from both sides of the border, we would say we've seen techniques like skimming at ATM machines literally migrate south of the border because of the superior control of the Canadian environment. We would say there are other areas where I think large institutions in the U.S. and Canada are working very hard to accelerate their efforts. Transactional data analytics, that is, gathering information on what a normal transaction in our bank looks like, is something that both are working on very hard. You would say there's a set of shared problems that we're all working on. There are certainly, currently, some advantages in Canada over the U.S.
The other thing that's different, I believe, in Canada is that the banks and some other key industry players, like the telecommunications firms, are working more closely with public safety. The possibility of either a legislative change or even an interpretational change of existing legislation in Canada will most likely allow Canada to leapfrog the U.S. in making progress at a national level. The public-private partnership here is a bit more accessible. In the U.S. we're seeing signs that they're likely to continue to lag in terms of really forward-looking legislation on privacy and on security itself.