Thank you, Mr. Chair.
My next question is for Mr. Rudin. Earlier, Mr. Macklem told us that the global financial problems and the current recession are in large part due to the subprime market loans in the United States. In response to a question asked by my colleague on the government's intention to create a single securities commission, he said that there was no such organization that had an overview of the system in the United States.
Does that mean that this situation has not been rectified in the United States, where the problems began? In the U.S., are there securities commissions that are equivalent to the ones that exist here today?