All that FATCA has to do with is...[Technical difficulty--Editor]...holders in foreign banks, and those foreign banks have to report back to the United States Internal Revenue Service. It's multilateral in that any foreign bank that has American account holders in it has to report back to the U.S.
That's a different system from the TIEA arrangement that we were discussing...[Technical difficulty--Editor]. Those are bilateral agreements between governments, suggesting that information upon request will be provided.
We're suggesting that there should be...[Technical difficulty--Editor]...multilateral approach to government-to-government agreement, much like what is in place with the European savings tax directive.