Mr. Mulcair made a very good point about the U.S., and the SEC probably should not be held up as the best example of regulators. They certainly had failures. But my sense is that the failures are not so much because it was national but more because it just didn't do the job it was supposed to do.
The other point that's happening in the U.S. is that you are going to see an integration of regulators, which, as I said earlier, is important for Canada because we need to have good cooperation and coordination among all of the regulatory bodies. That's going to happen in the U.S. between the fed, the treasury, and the SEC, and we need it to happen in Canada.
Thank you.