I would just like to add one point to that, which is that at a wholesale level, large financial institutions may typically settle their foreign exchange surpluses or shortages on an open-market basis. They might enter into those transactions with an entity that offers the best foreign exchange rate. That entity wouldn't necessarily have a foreign correspondent banking relationship with them, but this legislation would require us to treat them as a correspondent and do all the due diligence. That's the industry concern.
On November 2nd, 2006. See this statement in context.