Thank you very much.
I have a question for Financial Executives International Canada. You mentioned earlier your general support for the national securities regulator. For 25 years I was a lawyer involved in corporate finance, and I can tell you many stories about deals that didn't come to Canada when international clients found out they had to file 13 times and go through that cost. It's good work for lawyers and auditors, but it's not very good for the investing public.
Can you give us a sense of how important you think a national securities regulator is to enable Canadian businesses to attract international investment, and what impact it might have on establishing Canada as a world leader in corporate finance?