Merci.
The bells are ringing for 29 minutes, I'm told.
As the chair, I'm going to take the next Conservative spot and I want to ask about a couple of issues.
First, Mr. Drummond, you raised the shadow banking sector in your response to another colleague's question. On Tuesday we had a witness before the committee who said that one of the issues was the fact that this sector is not regulated enough in Canada. He certainly said it's a bigger problem in other countries like the United States, but in Canada we ought to look at greater regulation of things like hedge funds, derivatives, and asset-backed commercial paper was an example of that.
Mr. Drummond, perhaps you want to start, and if anyone else wants to comment, they may. Does that sector need to be better regulated in Canada?