Thank you very much for coming this afternoon.
My first question--I don't know if it will be a quick question--will be to Mr. Lafrenière with regard to mutual insurance companies. Mr. McKay had some questioning along the same lines I'm going, as a matter of fact probably the same lines.
You say the advantage to insurance companies, their offshore holdings and the tax advantages to that...which are a disadvantage for Canadian-owned entities such as yours. Just so that we can help people who might want to read these proceedings and find out more about financial institutions in their home communities--I'm thinking of one particular mutual insurance company in my constituency--can you tell me, with regard to the regulations we're currently looking at, what changes you would like to see? And these would be changes that we can actually enact that would assist you in being more competitive in your market.