I think I was actually referring to the federal regulatory system. I stressed the fact that when it comes to the securities market, the system is still not effective, and this means additional costs for those who are part of the system. What's more, the system is not efficient enough in terms of managing market risk. That's a lesson that we have all learned from the current situation: risk management is of the utmost importance. As I said, I think we can be more effective when it comes to the costs of those who are within the system, and also in terms of risk management for society in general.
