Thank you for the question.
Very quickly, we collaborate very closely with OSFI, the federal Department of Finance, CDIC, and other federal agencies. There is no desire to change any of those relationships. I'll just assure the committee that we do work effectively together and, I think, to good end.
In terms of your last question, yes, banks do pay a deposit insurance premium that is collected by CDIC and invested. That protects retail depositors; there are more details, but it's basically up to $100,000 per account.
On the issue around the bank tax, if I can explain the motivation--and this goes back to the previous question--there are two justifications for it.
On the first, I will quote the other side, if you will, on this argument. It is to make up for the losses that the state in various countries, for example, the U.S., had for recapitalizing their banks--the direct losses. So they make those up over time. Obviously that isn't an issue for Canada, as has been pointed out.
The second one, though, is to--quote--“internalize the externality” that comes from wholesale borrowing--so not retail deposits, but wholesale borrowing. By setting a tax on that, you would reduce the amount of that, and then you'd set up a fund and that would be there--