Thank you.
Governor, I'll take the next round as the chair.
I want to give you the opportunity to comment on the rate at which banks lend to each other. On the Canadian dealer offered rate and the London interbank offered rate, the Investment Industry Regulatory Organization of Canada in January did a review. There have been some concerns raised at the international level with respect to some of the accountability in play and some of the aspects that have been happening by what they call LIBOR and CDOR. There have been questions raised with respect to whether they should be responsible to one outside regulatory body, rather than having a sort of private sector overseer.
Obviously, with your Canadian and international experience, I wanted to allow you an opportunity to comment on that.