Absolutely, but Canada can't do it alone. It has to be done in an international context. I think that's an inevitable result of the discussions that are going to be held on April 2 by the G20, and held within each country. The regulation in the United States is so fragmented relative to what we have, but there's a whole host of it. In fact, probably almost half of the credit that was provided in the United States in 2007 was being provided by non-regulated entities. That proportion wouldn't be nearly that high in Canada. But absolutely the spectrum of coverage of the regulators has to be expanded.
On March 26th, 2009. See this statement in context.