I would start off my minute by saying I would say, quite frankly, sir, that other countries can learn an awful lot from the Canadian regulatory system and the Canadian industry. Look at the United States, it's highly fragmented. We've got a national system.
I would come back to the point that Mr. Del Mastro raised. Let's look at our regulatory system in Canada. We could make it more efficient.
If you look at Australia, if you look at the United Kingdom.... If you go back in time 10 years in the United Kingdom, you had nine, ten, half a dozen different authorities. They have put that together in a single financial services authority.
In the province of Quebec you had a series of regulatory bodies that came together as the AMF; ditto Australia.
I think that's one area where Canada could really improve, because the more efficient the structure of the regulatory system, the better it is for consumers, through better enforcement, lower cost, more efficiency.
That would be my 30-second answer.