We respect that payments are very important to Canada. They're important to merchants; they're important to consumers; and they're certainly very important to the banks, our clients.
I don't think Visa has a problem with regulation. In fact, we live in a regulated industry, as my colleague has testified. I think what we see in front of us are examples such as Australia, where regulation, with price controls, and changes to network rules driven by one side of the equation, as opposed to the entire network benefit.... In our view, those types of regulatory steps are not in the best interests of the payment system.