As I said earlier, there is this key question. First of all, it is whether the credit card network is structured as a joint venture of the banks or whether it's an independent corporation. Let's assume, first of all, that it's the latter, which is true in Canada at the moment. In a sense, it is the credit card network that is representing the interest of the network. The banks, of course, are acting in their own interest. The banks have the interest of one side of that network, the issuing side, if you like.
It's the network that's interested in balancing the acceptance by merchants with the issuing of cards and the use of cards by cardholders. I would say giving the banks the right to set the interchange fee is sort of biasing the network in the direction of one side of it. It's not quite clear to me as a regulatory initiative exactly how one would do that.