We are not saying that banks should not have subsidiaries offshore. We are simply asking that they not establish them in tax havens. And we have had success in that regard. Last year, we presented a similar proposal to CIBC shareholders and it received support from 9.5% of them. That is not very much, but 9.5% represents the small shareholders. It's important to consider the fact that 30% of banking shares are held by small individual investors, that 50% of them do not vote and that only 15% do. Ultimately, 9% out of 15% means that 50% of individual investors voted in favour of the proposal that tax havens be abolished.
On March 3rd, 2011. See this statement in context.