Thank you, Chair.
Thank you to our witnesses.
I want to pull back from the 50,000-foot level for a moment.
Under this agreement, who defines who is caught up by FATCA? Who decides who's in and who's out? Whose information will be sent to the IRS? Who decides? Is it Canada? Is it the IRS? Is it the CRA? Is it the bank?
Mr. Berg, maybe you can start us off.