Thank you, and my thanks to the witnesses.
I will try to synthesize what the three people have said. Madam Champoux basically says banks have to get out of the offshore business. That's the big point. Mr. Hejazi, transparency and disclosure is going to be the big recommendation from you. Mr. Jarislowsky is saying we pay too much tax in Canada and we have to get rid of the temptation of looking for offshore opportunities. There's not much room to reconcile all of those three opinions, so I'm going to ask each of you to rebut or to make a point.
I'll start with Madam Champoux. From what you've heard from the others, is there any succinct rebuttal that you would make to either of the other two witnesses?