Mr. Chairman, HSBC does operate in a number of countries. I can't tell you off the top of my head how many of those countries may or may not be on the grey list.
But when we refer customers to another country, it is always under the framework that HSBC has a global set of policies and procedures in which we apply the highest compliance standards. We comply with all the applicable laws, whether they be in Canada or in Panama. And we apply our own internal high set of standards and policies so we know and understand our customer. When we refer a customer, whether it be to the United States or to Panama, it is done under the terms that the group entity in that country will apply very high standards of values when dealing with that customer.